Posts Tagged ‘target’
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.

 
FX Thoughts for the Day
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Wednesday, 16 February 2011 13:12
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Cable fell sharply from its high of 1.6180 and is now trading lower below 1.6100. The BOE’s inflation report release today said that the inflation is likely to fall below its target of 2% in two years. This statement release triggered the fall in the Cable. Technically the Resistance in

 
BOE Raised Inflation Forecasts, Yet Lowered Growth Outlook
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Wednesday, 16 February 2011 12:07
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The pound slumped against the US dollar and the euro as the BOE revised lower it growth forecasts despite higher inflationary outlook in the near-term. In its quarterly inflation report, the BOE unveiled the outlook that inflation will most likely fall a little below the target in the second half