Back

GBP/USD likely to have a negative impact post UK inflation data – InvestingBetter

FXStreet (Barcelona) - Alpesh Patel of InvestingBetter, sees UK inflation data in the UK to remain soft, and further expects GBP/USD to target 1.55 levels on such a print.

Key Quotes

“The Cable was in the red yesterday without any particular fresh reason so we have to assume that traders believe that the UK currency is situated ahead of an important technical barrier and has troubles overcoming it.”

“Furthermore, today the release of the UK inflation levels is expected to confirm the market’s fears for a stagnating low inflation in the UK which would push any rate hike hopes further into the future. Such a development wouldn’t of course bode well for the Cable and our target should be around the 1.5500 area.”

Greeks optimistic on an agreement this week – Blueprint Capital

The Blueprint Capital FX Desk, comments on the recent developments surrounding the Greece debt deal, noting that the President of the European Commission has proposed a deal to grant around EUR 5bn in June to the Greeks.
Read more Previous

ECB may front-load QE before summer – ECB’s Coeure

The European Central Bank board member Benoit Coeure’s speech text released by the ECB shows the bank may front-load QE program in May, June for seasonal reasons. It means the bank may “accelerate” purchases above its monthly target of EUR 60 billion.
Read more Next