Headlines:
Weekly update on interest rate expectationsECB's Vujčić: Market expectation for three more rate cuts this year is not unreasonableBOE's Pill: I do expect we can cut rates furtherPBOC says will implement appropriately loose monetary policyUK Q4 preliminary GDP +0.1% vs -0.1% q/q expectedUK December monthly GDP +0.4% vs +0.1% m/m expectedEurozone December industrial production -1.1% vs -0.6% m/m expectedGermany January final CPI +2.3% vs +2.3% y/y prelimSwitzerland January CPI +0.4% vs +0.4% y/y expectedMarkets:
EUR/USD touched a high of 1.0440 but is now just up 0.1% at around 1.0393 on the day. GBP/USD also raced up to a high of 1.2519 after a stronger UK Q4 GDP report before settling up by 0.1% to 1.2460 now.
All eyes are on the US again where we'll have PPI data and the weekly jobless claims to watch out for. But it is likely that Trump headlines will steal the show once again, as it has been since he took to the White House last month.
This article was written by Justin Low at www.forexlive.com. Read More Details
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