U.K. Inflation Rebounds To 2.7%, GBP Pares Losses Versus USD
U.K. inflation rebounded in May, moving away from the bank’s target on significant jump in air fares.Today's data showed that CPI for the year ended May rose to 2.7% after dropping to 2.4% in April, higher than median forecast of 2.7%, taking
UK Inflation In Focus Before BoE Policy Decision
Traders are still holding their breathes ahead of the U.S. Federal Reserve's and Bank of England`s spolicy outcomes on Wednesday, but now the European agenda is on market watch, with U.K. inflation numbers due to be unleashed.
Thin Markets And Weak Japanese Inflation Data Makes For Chop
A drive towards USD and away from the yen resulted in big moves across the FX board. Investors flocked to the US dollar early in the Asia session, as only key support/resistance areas in the majors prevented possible further gains/losses.
Dollar Falls for Third Day vs Euro Before Bernanke Testimony
The dollar fell for a third day against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid concern he will disappoint expectations for a paring back of monetary stimulus.
UK Inflation In Focus
The risk appetite remained limited overnight as Fitch warned that the slow growth in Europe and US may negatively impact the ratings. The Nikkei 225 added 0.05%, Hang Seng lost 0.5%, while Shanghai’s Composite, Taiex and Kospi index remained litt
U.K. Inflation Ease Expected As Traders Await BoE Meeting Mi
Market participants continue to anticipate a busy week ahead, with U.S. and Japanese monetary policy decisions, as well as the minutes of the Bank of England`s Monetary Policy Committee latest meeting.
Disappointing US Data Assures Continual Fed Support
Worse-than-expected economic data was posted by the USA on Wednesday disclosing that producer prices had declined during April by their biggest amount in over 3 years.
Euro Area Inflation At 1.2% Gives ECB More Room For Further
European inflation confirmed its lowest since February 2010 in April, giving more room for policymakers to cut interest rate further in the coming months.
Euro Tumbles For Third Straight Day Before Inflation Data
Annual inflation in the euro area is expected to hold at the lowest in three years, a level that opened the door for the European Central Bank to cut the benchmark interest rate earlier this month...
Markets Brace For King's Final BoE Quarterly Report On Infla
Traders are buckled up for some good news perhaps, a final presentation of the Bank of England's quarterly report on inflation for May to be delivered by the bank's outgoing governor Sir Mervyn King.
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Pound Weakens Versus Euro as CPI Stays Above Target
The pound fell to a one-month low against the euro after a report showed consumer-price inflation stayed above the Bank of England’s target at the same time as growth stagnates.


