ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
BOE super Thursday is back.
But today there is nothing super about it. Bank of England (BOE) will be maintaining the status quo, only interesting part will be the bank’s inflation projections ahead. As a matter of fact, that is the only part to be influential enough to make any difference in Sterling.
BOE at 11:00 GMT will announce its monetary policy decision, minutes of meeting and quarterly inflation report, followed by BOE governor Mark Carney’s speech at 11:45 GMT.
Preview of the four –
- Monetary policy decision – No major change is expected from interest rates point of view, however tone of the policy statement will be closely monitored.
- BOE minutes – This release will be of a bit more attraction. Not because we can see who are dovish and who, hawkish but what are the points BOE discussing or concerned about.
- Quarterly inflation report – Possibilities are high that tone might be dovish while forecasting inflation as but question is how much and for how long.
- Mark Carney speech – Mr. Carney is most likely to exert his firm view over the risks relating to Brexit and lay out measures adopted by the bank. It would be interesting to see, how he plans to stimulate economy in Brexit and how to tackle inflation spike due to drop in Pound.
If Sterling can hold on to its base around 1.44 against Dollar, there could be gains on the card. Currently trading at 1.445.
