Italy Consumer Price Index (EU Norm) (MoM) below forecasts (0.5%) in April: Actual (0.4%)

Jane Foley, Senior Currency Strategist at Rabobank, believes that in today’s Quarterly inflation report, the Bank of England might not rush in for a rate hike and remain on hold until May 2016, and further forecasts GBP/USD to spend much of H2 2015 around 1.50 levels.