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Posts Tagged ‘Inflation’

The Bank of England may soften its outlook for inflation given the slowing recovery in the U.K., and the British Pound may break out of its recent range should the central bank show an increased willingness to expand its asset purchase program beyond the GBP 200B target.

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The Bank of England is likely to retain a neutral tone in its quarterly inflation report as the recovery in the U.K. cools, and the central bank may see scope to maintain its current policy throughout most of 2011 as the economic outlook remains clouded with high uncertainty.

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Treasury Note Yields Drop Most in 11 Months on Europe, Cooling Inflation
Treasuries gained, pushing 2- and 10-year yields down the most in 11 months, as U.S. inflation cooled, speculation rose that Europe’s debt crisis is worsening and stocks and commodities dropped on a loss of risk appetite.

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The GBPNZD continues to trade in a descending channel on the 15 minute chart ahead of New Zealand’s inflation report. As the British pound is due for a much needed correction, I do not rule out losses from its current level.

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The EURBGP has pared Friday’s advance and now finds key support at the 100-day SMA.

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The GBPAUD has worked its way into a descending channel on the 15 minute chart ahead of the highly anticipated BoE quarterly inflation release.

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