Monday, February 18, 2013

BoE Inflation Report Disappointing Sterling

Laporan Inflasi BoE Mengecewakan Sterling

Monexnews-Sterling weakened against the Greenback is traded for the 3rd consecutive day after Bank of England Governor Mervyn King said if the growth of the United Kingdom will likely be increasingly slowing down and the economy will be faced with a great challenge. Press Conference after the Inflation Report is the second last before King put his post in late June, and was succeeded by Mark Carney.

In a report on Inflation kuartalannya BoE said that the weakening of Sterling and rising energy costs have pushed the prospects of higher consumer prices than the number in November.

"King says if the challenge will be getting heavy and policymakers must do more if needed," said Lee McDarby, head of treasury at Bank dealing Investec Plc in London. "Market participants view it as a gloomy outlook. Although the market has been utilizing every opportunity to sell, the seller is still a lot. " (vid)

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Title Post: BoE Inflation Report Disappointing Sterling
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Author: Mohammad Zulfi Satriawan

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