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UK Inflation Data May Support BoE Rate Hike Timetable | Webinar


DailyFX.com -

The Bank of England upgraded growth forecasts last week and downgraded inflation forecasts - both marginally - and suggested that rate hikes may happen earlier than currently expected. An above forecast headline UK inflation print for January - 2.9% expected - would add credence to governor Mark Carney's comments and help GBP regain some of its recent losses.

Other trading topics covered include -

  • A return to 3% headline inflation would support GBP and bring a UK rate increase in May into focus.
  • GBP and the FTSE broke their previous inverse correlation when markets collapsed last week. Will this relationship rekindle?
  • Brexit negotiations are not going well and GBP may suffer if nothing is settled ahead of the EU Summit Meeting on March 22-23.

DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar , Educational and Trading Guides and a recently released IG Client Sentiment Indicator.

--- Written by Nick Cawley , Analyst

To contact Nick , email him at nicholas.cawley@ig.com

Follow Nick on Twitter @ nickcawley1


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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Forex


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