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Carney said next move is likely to be rate hike

Friday, Mar 27 2015
There are no major data releases from the UK today so markets are more turned to speculations on possible rate hike timing. BoE Governor Mark Carney stated that the next move is likely to be rate hike. Bank of England's member Broadbent said that he expects real household incomes to rise 4 0% in Q1, which should boost consumption. 
 
Earlier today, house price figures were released. Annual house price growth slowed to 5.1% in March from 5.7% in February. Annual house price growth slowed for the seventh month in a row. UK house prices rose by 0.1% in March, missing expectations on 0.2% increase.
 
Sterling added few points this morning is currently being traded around 1.4880 area. Pair is likely to find support around 1.4820 and resistance above 1.4930 level. Later today,in the US session, Final GDP and Revised Consumer Sentiment figures are scheduled for a release.
More in this category: « Unemployment Claims decreased to 282,000 Euro down in an uneventful European part of the session »

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