OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: BoE's King switched from talking down to comfort with GBP price – TD Securities

FXstreet.com (Barcelona) - BoE's King changed his speech after talking down the currency for the past couple of quarters and “now appears comfortable with where the currency is”. “This has helped stabilize GBPUSD and at the time of writing it was trading around 1.5150 following lows of 1.4832 earlier this week”, wrote analyst Tim Davis.

TD Securities analysts “believe that his aim is likely to reduce volatility and if the pound depreciates too much, then inflation is likely to pick up even more—something that is not top of the BoE’s wish list”. In regard to gilt issuance, they expect a higher one next year of £163.3bn to be announced against consensus expectations of £159bn.

Forex Flash: US industrial production in focus as economy outperforms – UBS

On the data front, US industrial production numbers are due today and we expect a 0.6% rebound after January's slight decline. According to Research Analysts Gareth Berry and Geoffrey Yu at UBS, “Further expansion would only confirm that activity in the US is outperforming.”
Read more Previous

Forex Flash: EU leaders summit continues, aims to address growth – Deutsche Bank

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “With the EU leader's summit continuing today in Brussels, the news flow has so far been focused on the around the growth vs. austerity debate. A draft conclusion prepared for the EU leaders summit appeared to offer some flexibility on budgets, saying there should be an appropriate mix of expenditure and revenue measures, including short-term targeted measures to boost growth.”
Read more Next
Start livechat