GBP - BoE MPC Minutes, inflation and retail sales
May 17, 2015 23:14 pm UTC| Commentary
The GBP has rallied strongly following an unexpected majority victory for the Conservative party in the 2015 general election, which removed a large degree of near-term political risk premium.However, last weeks Bank of...
EUR - Greece situation worsens, inflation to remain low, but PMIs encouraging
May 17, 2015 23:06 pm UTC| Commentary
Despite recent reported progress between Greece and its creditors, a significant gap remains. While an agreement without a political disruption is still possible, this is becoming increasingly unlikely.An agreement with...
USD - Patchy data likely to continue in the short term
May 17, 2015 23:01 pm UTC| Commentary
Patchy data have kept the US dollar range-bound over the past few weeks. Although there are indications that the underlying trend in the US economy remains intact, the market has had to weigh this against the mixed tone of...
Mexico Banxico biding its time
May 17, 2015 21:46 pm UTC| Commentary
Banco de México (Banxico) will release its quarterly inflation report on 19 May. Inflation has stayed well behaved - headline CPI is close to 3% while core rates have slipped to further below 3%, led mostly by non...
UK CPI inflation likely turned negative in April
May 17, 2015 21:38 pm UTC| Commentary
UK April CPI inflation likely was -0.1% y/y after 0.0% prior, and core CPI may have eased to 0.9% y/y from 1.0%. Trade-weighted sterling (GBP) is up 7.5% y/y, which will likely add downward pressure on inflation...
Euro area CPI likely to match flash at 0.0% y/y
May 17, 2015 21:25 pm UTC| Commentary
On Tuesday the final release of April euro-area CPI inflation is expected to match the flash release at 0.0% y/y, confirming that the euro area moved out of deflationary territory after four months.Similarly, core CPI will...
May 17, 2015 20:32 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields fell from 2.21% to 2.13% while the 2yr yield fell from 0.56% to 0.53%, flattening the...