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      GBP traders anxious ahead of BoE Quarterly Inflation Report release - FXStreet

      FXStreet (Łódź) - Economist and Lead European Editor Pablo Piovano points out that tension is rising among GBP traders ahead of the release of BoE's Quarterly Inflation Report due out on Wednesday.

      Key quotes


      "Traders will look for any clue regarding the timing of the rate hike, and investors will scrutinize anything in connection with that ‘slack’ that prevent the BoE to be the first of the G4 central banks to hike rates."

      "In the meantime, waning expectations of a rate hike plus speculative positioning keep taking a toll on the sterling, dragging Cable from multi-year peaks in levels just shy of 1.7200 the figure to this week’s lows in levels last seen in early June, around the mid-1.6700s."

      "The renewed USD strength has been collaborating with the downside as well, bolstered by a firmer momentum in the US economy."

      "Levels-wise, the initial hurdle remains 1.6800 ahead of August top at 1.6890; the interim support lines up at 1.6750 followed by June low at 1.6698."

      G10 FX reactions to euro area inflation surprises - Nomura

      Nomura FX Strategists Yujiro Goto and Jordan Rochester point out that Eurozone inflation data has become increasingly important for the G10 FX market in recent months.
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      US June Jolts jobs openings in line with forecasts - FXBeat

      Jamie Coleman, Editor at FXBeat, comments on today's release of US JOLTS Job Openings numbers, which rose to 4.671M in June from 4.577M recorded in May.
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