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Market pricing and economists favour a 25bp hike from the BOC tomorrow
Market pricing and the consensus among economists firmly points towards a 25bp hike from the BOC tomorrow.
In-Line UK inflation good enough for GBP
The GBP/CAD chart looks pretty clean with room for it to run to the upside.
Fed Evans thinks they need to go beyond ‘neutral’ rate
Hawkish comments from Fed Reserve member Charles Evans saw the US dollar catch a bid early in the Asian session.
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The pound perks up ahead of inflation data
UK inflation is expected to rise to 6% y/y today, and if we’re to see a strong inflation data set overall it could revive hopes of a less cautious BOE regarding future hikes.
BOC Preview: Will the Bank of Canada be the next central bank to liftoff?
The Bank of Canada (BOC) meets on Wednesday this week and is expected to lift rates by 25bps (at the least) to 0.50%.
European Open: ‘Jack in the box’ trading continues
When the force which keeps prices suppressed is removed, price action behaves like a freshly-opened Jack in the box. And that’s what we saw during Asian indices overnight.
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