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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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Ending central bank reserve remuneration when inflation pressure picks up and drives the policy rate higher would be self-defeating, Bank of England Monetary Policy Committee member Gertjan Vlieghe.

Speaking at a King's College event said that if there was persistent inflation pressure the BOE "will tighten monetary policy through some combination of raising interest rates and unwinding some of the QE and if we stop paying interest on reserves while the balance sheet is still very large then we can't do that because we won't be able to raise interest rates" and reserve rates control overnight rates and inflation.