23 Jan 2014
Flash: GBP in focus, BoE’s Fisher speaks up – TDS
FXstreet.com (Guatemala) - Strategists at TD Securities notes that we are now waiting for the Inflation Report form the UK post Fisher speaking up.
Key Quotes:
“This morning’s speech from the BoE’s Fisher was in line with yesterday’s minutes, as he tried to steer the conversation away from the unemployment rate and toward a more qualitative characterization of economic health, as he discussed real wage growth, the need for productivity growth, and wanting to see higher living standards in general”.
“He reiterated that the BoE is a ways off still from needing to raise Bank Rate, even with the u-rate so close to the 7.0% threshold, and that when it is time to raise rates, it will be done gradually”.
“This was the same language from yesterday’s minutes and last night’s speech from McCafferty, as it seems that the BoE has planned to come out with a perfectly consistent message, leaving us waiting for the February Inflation Report”.
Key Quotes:
“This morning’s speech from the BoE’s Fisher was in line with yesterday’s minutes, as he tried to steer the conversation away from the unemployment rate and toward a more qualitative characterization of economic health, as he discussed real wage growth, the need for productivity growth, and wanting to see higher living standards in general”.
“He reiterated that the BoE is a ways off still from needing to raise Bank Rate, even with the u-rate so close to the 7.0% threshold, and that when it is time to raise rates, it will be done gradually”.
“This was the same language from yesterday’s minutes and last night’s speech from McCafferty, as it seems that the BoE has planned to come out with a perfectly consistent message, leaving us waiting for the February Inflation Report”.