Bank of England Inflation Report

Bank of England Inflation Report

Feb 12th 2015

The British Pound recovered significantly as the BOE raised its 2016 GDP forecast to 2.9%. Meanwhile, he expected that the consumer prices will continue to fall in 2015 at 0.4%, which is lower than the previous forecast of 1.4%. However, Governor Carney did state that falling inflation rates is just due to the decline of oil and energy prices.

On the other hand, the dollar declined after the release of negative U.S economic data. As the U.S Core Retail Sales declined to (-0.9 %),while the Initial Jobless Claims declined to 304 000 applicants. Which may push the Fed to postpone rising its interest rates.

To know more about our analysis and currencies reaction, join our Forum Trader for FREE!!
For more info, please visit our website on:

MBCFX Forex & CFDs Brokerage Firm