Archived IMT (2011.02.14)

Ashraf will be on AlJazeera English at 11:05 GMT discussing the latest White House Budget and previewing tomorrow's UK Jan Inflation figures, which are expected to show a 4.1% rise from 3.7%. Wednesday's release of the BoE's inflation report could also be another excuse to further boost rate hike expectations for later this year. The case for EURGBP shorts remains intact, eyeing 0.8360, followed by the key 0.831 support. I still look for $1.32 as med term target for EURUSD.