Analysis details (02:58)
- The Telegraph reported that The Bank of England will cut its growth forecasts in this week’s quarterly inflation report dousing recent hopes that the UK was heading back to recovery.
- In related news David Smith at The Sunday Times wrote that a renewed surge in oil prices threatens to push inflation even further above the official 2% target this year, and the Bank of England is set to concede this week that it has little chance of hitting that target over the next two years.
- Elsewhere, UK Lloyds Employment Confidence (Jan) M/M -45 (Prev. -42).
11 Feb 2013 - 02:40 - Forex - Source: RANsquawk
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