16th November 2011 – Daily market analysis by Alistair Cotton
January 23rd, 2012 | 
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Alistair Cotton is a Corporate Dealer at Currencies Direct UK, lends us his expertise on a daily basis. Foreign Exchange (FX) Market analysis is a daily market overview and commentary BoE set to announce inflation projections UK inflation dropped from 5.2 per cent in the year in September to 5 percent in October with the Supermarket price war the main contributing factor behind the decline. The fall comes as a welcome relief to the Bank of England, who have long suggested inflation will begin to fall back but the slight worry is that the main reason for the drop is something the bank did not (at least publicly) suggest would be behind the decline. That may be a good or bad thing depending on the next few months, with a fuel duty rise in January set to add around 0.1 percentage points to inflation the Governor will continue to pin his hopes on declines in the price of energy and commodities to bring inflation back towards the 2 per cent target level. This morning is packed full of important UK data, with Jobless claims, ILO unemployment rate and the Bank of England Inflation report due where the Governor will set out the banks estimates for the questions above. The inflation figure barely registered on Sterling’s radar, trading in the Pound has been completely dominated by the risk-on, risk-off trading via the Euro- this has been taking place over the last month and the trend looks set to continue into the weekend. Yields on core Euro-zone countries debt continued to climb …
Video Rating: 5 / 5
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