SNB, BoE, RBNZ, EUR Correction, Don't Sell CHF For Now What we’re watching: FX Focus – Don’t sell the franc…for now: unstable risk sentiment and limited scope of the SNB turning more aggressive next week may trigger further franc upside risk, in particular versus the AUD. USD– Retail sales will be the last important data release ahead of the December rate announcement.GBP – A reiteration of the dovish language from the last inflation report as part ...
It appears that well supported BoE rate expectations continue to keep currency downside limited from current levels. In that respect it must be noted that medium-term inflation expectations, as measured by 5Y forward breakeven rates, remain close to multiweek highs. Unless forward looking indicators suggest moderating price developments it appears unlikely that the BoE will turn more cautious anytime soon. ...
British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes Fundamental Forecast for Pound: Bullish Status-Quo BOE Announcement to Amplify Slide in Rate Hike Outlook Hawkish FOMC Minutes to Help Undermine the Pound’s Yield Appeal One might have expected the British Pound to move confidently higher after the Scottish Independence referendum passed without disrupting the status quo considering the Bank of England ...
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