Intraday Market Thoughts
BoE, Inflation and Sterling
Aug 6, 2012 19:47
Wednesdays release of the Bank of England quarterly inflation report is expected to show another downgrade in growth prospects. 2013 GDP may be revised to as low as 1.5% from over 2.0% in the May inflation report. The BoE will likely reiterate its forecast that CPI will fall below the 2.0% target before year-end from its current 2.4%. More on CPI, GBP & QE here: http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
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