20 Feb 2015
UK inflation and GDP; Pounds self strength - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that next week comes with the UK's inflation and GDP figures.
Key Quotes:
"Quite relevant as the Pound is the only major with self strength these days."
"Despite dollar and yen appreciation on their safe-haven status, the UK economic situation seems to have stabilized, and latest macro figures confirm so."
"The BOE has warned inflation may fall below 0.00% sometime this year, saying falling crude oil prices are to blame on it, and suggesting inflation will approach its 2% ideal target sometime during 2016."
"When it comes to GDP, the UK economy had its strongest annual growth in 7 years in 2014 although the Q4 readings expanded by a weaker than expected rate of 0.5%. But during 2014, the economy grew by 2.6%, the best annual ready since the crisis started."
"For this first quarter of 2015, the preliminary figure suggests another 0.5% grow. Any reading above this level should give the Pound support to advance, regardless of market woes. The GBP may be affected during the upcoming days by risk sentiment, although declines on safe-haven demand are expected to remain limited, compared to other risky currencies."
Key Quotes:
"Quite relevant as the Pound is the only major with self strength these days."
"Despite dollar and yen appreciation on their safe-haven status, the UK economic situation seems to have stabilized, and latest macro figures confirm so."
"The BOE has warned inflation may fall below 0.00% sometime this year, saying falling crude oil prices are to blame on it, and suggesting inflation will approach its 2% ideal target sometime during 2016."
"When it comes to GDP, the UK economy had its strongest annual growth in 7 years in 2014 although the Q4 readings expanded by a weaker than expected rate of 0.5%. But during 2014, the economy grew by 2.6%, the best annual ready since the crisis started."
"For this first quarter of 2015, the preliminary figure suggests another 0.5% grow. Any reading above this level should give the Pound support to advance, regardless of market woes. The GBP may be affected during the upcoming days by risk sentiment, although declines on safe-haven demand are expected to remain limited, compared to other risky currencies."