23 Oct 2014
BoE in no hurry – BBH
FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the conditions in the UK data in the London shift.
Key Quotes:
"The UK reported September headline retail sales at -0.3 m/m vs. -0.1% expected. CBI also reported October business optimism at 8 vs. 15 consensus and 19 in September, while total orders fell to -6 vs. -3 consensus”.
“BOE minutes this week showed rising concern about the spillover risks from a weak Eurozone, and suggest the bank is probably in no hurry to tighten."
Key Quotes:
"The UK reported September headline retail sales at -0.3 m/m vs. -0.1% expected. CBI also reported October business optimism at 8 vs. 15 consensus and 19 in September, while total orders fell to -6 vs. -3 consensus”.
“BOE minutes this week showed rising concern about the spillover risks from a weak Eurozone, and suggest the bank is probably in no hurry to tighten."