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!! http://forum-trader.com/en/
For more info, please visit our website on: http://www.capitol-academy.com/en/news_fx.html
For more info, please visit our website on: http://www.capitol-academy.com/en/news_fx.html
