OctaFX | OctaFX Forex Broker
Open trading account

UK 2015Q3 GDP to take the centre stage - TDS

FXStreet (Delhi) – James Rossiter, Senior Global Strategist at TD Securities, suggests that risks are balanced around the UK’s 15Q3 GDP reading – we expect an on-consensus 0.6% q/q print.

Key Quotes

“Economic momentum was maintained through the middle of the year, and slack in the economy (which the BoE estimated at around 0.5% in the August Inflation Report) is now being worked off steadily by above-trend growth. Coupled with healthy real wage growth and a return of inflation to the 1-3% range, this should help lay a solid foundation for the MPC to begin increasing Bank Rate in May 2016.”

AUD/USD and Copper erased PBOC led gains

The Aussie quickly erased PBOC led gains, taking the AUD/USD pair back below 0.7250 as copper prices fell back to square one.
Read more Previous

AUD/JPY hints at dip buying

AUD/JPY hints at dip buying
Read more Next
Start livechat