$GBPJPY Strong support holding as GB data improves.
Currently we are sitting on major support. Divergence 5 day RSI.
See chart for technical areas of interest.
Carney hawkish.
Deflation on GB not a major concern.
Low inflation 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.
BOJ QQE will continue until prices are stable at 2%
Can't determine price expectations just looking at break-even inflation rate
See chart for technical areas of interest.
Carney hawkish.
Deflation on GB not a major concern.
Low inflation 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.
BOJ QQE will continue until prices are stable at 2%
Can't determine price expectations just looking at break-even inflation rate
