FXstreet.com (Barcelona) - The November MPC meeting's decisions have become more data dependent after BoE's King speech: “His argument for more stimulus seems to be backward looking weak GDP, while he points out several “more encouraging signs” on a forward-looking basis, including early signs of easier credit conditions for UK corporates”, wrote TD Securities analyst Cristian Maggio, expecting a below-consensus extension of QE by £25B. The market will be eyeing the UK GDP data tomorrow and the UK PMI particularly.
Forex Flash: BoE November rate decision dependent on data – TD Securities
Wed, Oct 24 2012, 11:55 GMT | FXstreet.com
EUR/USD Jun 19 at 22:25 GMT
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
