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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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