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13 Mar 2015
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Dovish Signals from BoE Chief

In a speech yesterday, Mark Carney stated that a prolonged period of low inflation in the UK might delay the timing of an interest rate rise in the UK. These dovish signals by the BoE Governor weighed on expectations that the central bank might tighten its policy stance earlier than anticipated and caused Sterling to fall below the 1.49 mark against the greenback. Across the Atlantic, after yesterday’s downbeat retail sales print strengthened concerns that domestic consumer spending remains weak, traders will eye today’s preliminary Reuters/Michigan consumer confidence survey for further direction. In Germany, today’s data showed that February’s wholesale price inflation rose after four straight months of decline.
13 Mar 2015
Share

Dovish Signals from BoE Chief

In a speech yesterday, Mark Carney stated that a prolonged period of low inflation in the UK might delay the timing of an interest rate rise in the UK. These dovish signals by the BoE Governor weighed on expectations that the central bank might tighten its policy stance earlier than anticipated and caused Sterling to fall below the 1.49 mark against the greenback. Across the Atlantic, after yesterday’s downbeat retail sales print strengthened concerns that domestic consumer spending remains weak, traders will eye today’s preliminary Reuters/Michigan consumer confidence survey for further direction. In Germany, today’s data showed that February’s wholesale price inflation rose after four straight months of decline.