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Forex Flash: UK CPI to unch up to 2.8% in January - RBS

The UK's National Statistics office is scheduled to publish the Consumer Price Index on Tuesday Feb. 12 at 09:30 GMT. Market expectations are a slightly raise to 2.8% YoY in January from 2.7% in December. Monthly inflation is expected to decline by 0.4% in January.

In this line, the RBS European Economics team does not expect "any significant disinflationary influence from the January sales." RBS forecasts "headline CPI inflation forecast to inch up to 2.8% in January from 2.7% in December on the back of higher food price inflation, with the Core CPI inflation rate stable at 2.4%. RPI inflation is forecast to edge down to 3.0%; with RPIX steady at 3.0%."

Forex Flash: G20 meeting in Moscow looks set to focus on ´Currency Wars´ - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the G20 meeting in Moscow this week seems certain to focus on ‘currency wars’ but beyond a bland call for countries not to engage in competitive devaluations, he feels that it’s hard to see what concrete steps can be taken at this stage.
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Forex Flash: New Zealand receives confidence from domestic sources – BNZ

This week is ripe with NZ data that will likely remain at odds with the weakness registered in last week’s Q4 employment report. Economic confidence and a perky housing market and solid spending growth has lent confidence to the country.
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