$GBPUSD - Daily trend line contains any further push higher
Strong Resistance ahead from the daily trend line.
Inflation hit a record low - it came out at zero!
Bank’s chief economist, Andy Haldane, said last week that in his view, policymakers could be underestimating the threat. As a result of inflation “dropping like a stone”, he said it could prove necessary for interest rates – already at an all-time low of 0.5% – to be cut further.
Carney stated fall in inflation with a rate cut would be “extremely foolish”.
Durable goods data tomorrow could finally return some broad USD strength back.
Retails sales data on Thursday . Changes in Retail Sales are widely followed as an indicator of consumer spending.
Good indicator in my mind to see how low inflation is helping the economy
No clear strong currency at the moment for me.
Inflation hit a record low - it came out at zero!
Bank’s chief economist, Andy Haldane, said last week that in his view, policymakers could be underestimating the threat. As a result of inflation “dropping like a stone”, he said it could prove necessary for interest rates – already at an all-time low of 0.5% – to be cut further.
Carney stated fall in inflation with a rate cut would be “extremely foolish”.
Durable goods data tomorrow could finally return some broad USD strength back.
Retails sales data on Thursday . Changes in Retail Sales are widely followed as an indicator of consumer spending.
Good indicator in my mind to see how low inflation is helping the economy
No clear strong currency at the moment for me.