12 Feb 2015

BoE’s Inflation Report in Focus

Sterling investors are likely to remain focused on the BoE’s quarterly inflation report in the UK today. Slow growth in domestic consumer prices have been a major concern among central bank policymakers in the nation lately. With today’s publication expected to show a further downside in the nation’s inflation outlook, Mark Carney’s press conference will be eyed today to gain more clarity over the future course of action that the BoE plans to adopt. Across the Atlantic, the retail sales update will be a key event to gauge the health of consumer spending in the US. In the Euro zone, investors remained concerned about a possible Greek exit from the region, especially after the nation failed to reach an agreement with its international creditors yesterday.