10 Jan 2014
Flash: UK and EZ in focus - BTMU
FXstreet.com (Guatemala) - Derek Halpenny, strategist at The Bank of Tokyo-Mitsubishi UFJ, Ltd.
"...the UK is still indicating strong expansion in its PMI data, albeit there was a decline in December from the November level which was the strongest since 2011".
"The markets...will also continue to digest the latest update given by ECB President Draghi yesterday. We have argued that the ECB will have to act again to limit downside risks to inflation this year and the press conference was certainly reassuring to us that action remains most likely".
"...the UK is still indicating strong expansion in its PMI data, albeit there was a decline in December from the November level which was the strongest since 2011".
"The markets...will also continue to digest the latest update given by ECB President Draghi yesterday. We have argued that the ECB will have to act again to limit downside risks to inflation this year and the press conference was certainly reassuring to us that action remains most likely".