FXstreet.com (Barcelona) - In a few hours time, at 9.30GMT to be precise, the August UK Inflation Report will be released. UBS Economics expects the BoE will lower its inflation and GDP growth forecasts. "Governor King is likely to emphasise the precarious global outlook and the Eurozone in particular. This will signal to investors that the central bank is likely to undertake additional easing beyond its scheduled £50bn of Gilt purchases to November" says Mansoor Mohi-uddin, Head of FX Strategy at UBS Macro Research.
Forex Flash: BoE to lower inflation, GDP growth forecasts - UBS
Wed, Aug 08 2012, 03:57 GMT | FXstreet.com
EUR/USD May 18 at 10:44 GMT
1.2838/40 (0.01%)
H1.2844 L 1.2836
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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.
