UK: Consumer Inflation Expectations up 3.6% in March

UK consumers expect the price of goods and services to increase 3.6% over the next 12 months, compared to the projections of a 3.5% rise three months ago, according to data released today by the BoE.

Mar 8, 2013

Forex: EUR/USD still facing 1.3100 ahead of LTRO announcement

Having gone as high as 1.3118 yesterday, the EUR/USD has been mostly trading slightly under the 1.3100 mark throughout the Asian and Europe sessions. The European opening saw an attempt that was capped at 1.3101 high and after a new retest of 1.3080/85 support, the pair is back at the psychological level.

Forex: GBP/USD at 1.5030 highs after UK inflation expectations

The GBP/USD got back above the 1.5000 psychological level on London morning flows, erasing losses made during Asian time to as low as 1.4982. The market is currently finding upside opposition at 1.5030.