ECB’s Nowotny: Inflation is forecast to rise; phase of acute deflation risk is over

European Central Bank (ECB) governing council member and Austrian central bank head, Ewald Nowotny, crossed the wires last minutes, presenting the Austrian Economic Outlook Report on Monday.

Headlines:

Inflation is forecast to rise, phase of acute deflation risk is over

 

GBP/USD advances to highs near 1.4450

The sterling has left the area of session lows near 1.4350 and is now lifting GBP/USD aback above the 1.4400 handle. GBP/USD bounces off 1.4350 Spot
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RBA seen ‘on hold’ tomorrow – TDS

Strategists at TD Securities expect the RBA to keeps its monetary policy unchanged at its meeting tomorrow, at 1.75%. Key Quotes “We expect the RBA
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