Jun 01, 2015 14:41 pm UTC| Commentary
Western Union notes:With inflation in Britain running at multi-decade lows under zero, the pound is vulnerable to any underwhelming news on the health of Europes No. 3 economy.Buyers of the U.K. currency today are catching...
Jun 01, 2015 14:41 pm UTC| Commentary
Western Union notes:The euro weakened to within a penny of recent late April lows against its U.S. peer, pressured by Greeces inability to win more aid money to keep afloat and news that area factory growth got marked down...
CFTC Speculators FX Positioning as at 26th May 2015
Jun 01, 2015 12:49 pm UTC| Commentary
USD longs fell for a sixth consecutive week as investors repositioned for a later first Fed rate hike, though the pace of the decline has slowed. Although net USD positions are still firmly in long territory, they are at...
No deflation, but lowflation to continue in the euro area
Jun 01, 2015 11:56 am UTC| Commentary
By the turn of the year 2015/2016, headline CPI is forecast to break just above 2%, but this will be short-lived driven by base effects from the oil price. As we discuss in Box 8 - Not yet out of the woods for lowflation,...
Fall in Emerging Europe manufacturing PMI
Jun 01, 2015 11:41 am UTC| Commentary
Emerging Europe manufacturing PMI declined slightly in May to a weighted average of 49.5 from 49.9 in April. The decline reflects mixed directional moves with Russia and Poland PMI declining, while Turkey, Hungary and...
Flash German HICP inflation expected at 0.6% yoy in May
Jun 01, 2015 11:30 am UTC| Commentary
German flash HICP inflation should print at 0.6% yoy in May after reading 0.3% in April. The biggest driver of the recovery in consumer prices is again likely to be rising energy prices. However, the rise in energy prices...
Q1 15 euro-area GDP breakdown to show consumption-led recovery
Jun 01, 2015 10:39 am UTC| Commentary
The second estimate of euro-area GDP should confirm the first estimate of 0.4% qoq and 1.0% yoy. Societe Generale forecasts consumption rose 0.4% qoq in Q1 15. In terms of GDP components, the 2015 cyclical recovery is...