Technical : Short term double formed + supporting.
Summary of the banks below. We are looking for unemployment rate data from CAD drive this trade in the short term. Positive surprise - downside trade. Negative data - upside trade.
Low global CPI and strong pound may weigh on UK prices for some time with possibility low global CPI for an extended time.
Euro Safe haven flows may support the pound.
Discredits UK house hold spending data due to low .
Central banks need manage risk of low on debt.
Tone is more less neutral - dovish.
Poloz (Bank of Canada) last statement.
To Summarize :
wants to see how the economy responds to the last rate cut and oil prices.
They believe January rate cut gives greater confidence of reaching full capacity and stable by the end of 2016
The only dovish statement is :
"We are in an uncertain setting"
Canada Ivey Purchasing is improving (50.80) vs (42.60 - previous).