Posts Tagged ‘inflation report’
GBP Slides Following BoE Inflation Report; King Tries to Toning Down Expectations
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Wednesday, 16 February 2011 14:04
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The Bank of England – in its Quarterly Inflation Report – said that its central forecast for inflation is for inflation to peak at 4.4% this year before easing to the 2 % goal by the middle of 2012. It would then actually fall below the target by the end of the forecast period.

 
Inflation Report Sends British Pound Sliding
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Wednesday, 16 February 2011 13:59
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The Bank of England today dampened recent speculation that it will meet market demands for any interest rate increase and in the process sent the pound tumbling. A positive session for Asian equities maintained pressures on the Japanese yen, which fell against 12 of its 16 major partners.

 
Mid-Day Report: Dollar Up on Housing Starts, Sterling Tumbles after Dovish BoE Inflation Report
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Wednesday, 16 February 2011 13:51
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Dollar strengthens in early US session after stronger than expected housing data. Housing starts jumped 15% to 596k annualized rate in January. Building permits, though dropped 10% to 562k annualized rate. PPI in US rose 0.8% mom, 3.6% yoy in January, with core PPI up 0.5% mom, 1.6% yoy, both