See chart for technical areas of interest.
CA economy dragged by oil .
Deflation on GB not a major concern.
Low is sparking consumer spending which what I like to see to support a rate hike.
BoE deputy governor Ben Broadbent says in an interview that bad deflation isn't a threat to Britain
Good deflation helping boost demand and output
Will watch for signs of price falls hitting wage growth
Only risk to GBP is going to be elections.
BOC tone is reflective of the domestic data and international developments; with a
core focus on the price of oil .
For CAD next week’s GDP will provide some evidence as to how January growth evolved and will be important for CAD.