MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GBP Edges Off Early Gains

FOREX
  • GBP was bid from the European open, with GBP/USD benefiting on the way up to 1.3758 as markets eyed recent signs that UK COVID case growth could have topped out, and awaited comments from BoE's Broadbent. The MPC member flagged near-term upside risks to the inflation outlook, but posited that this would subside in time. GBP is off the best levels of the session but remains one of the firmest currencies in G10.
  • NZD, USD and CAD are among the poorest performers so far Thursday, slightly reversing the price action over the past few sessions.
  • The ECB rate decision takes focus going forward, with no changes in policy expected today, but markets are likely to laser in on the explanation and justification behind the ECB's strategy review that resulted in a symmetric inflation target. The decision is due at 1245BST/0745ET with the press conference following 45 minutes later.
  • In the first real data releases of the week, US weekly jobless claims, existing home sales and the Chicago National Activity Index all cross later today. Eurozone consumer confidence is also due.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.