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Australian CPI rose 0.7% in Q2

Australian CPI rose 0.7% this quarter, compared with a rise of 0.2% last quarter. Analysts were anticipating 0.8% incline. It rose 1.5% over the last twelve months, compared with a rise of 1.3% through the year tothe previous quarter. Trimmed Mean CPI increased by 0.6%, in line with market forecasts.  Read more...

Will BoE rise interest rates this year?

After more than six years of highly accommodative monetary policy in Britain, this year could be the one when the BoE eventually lifts off the ground level toward more normal monetary settings. At least this is what the most recent comments by the BoE top officials suggest.  Read more...

Sterling higher on Governor Carney's comments

Earlier this morning BoE Governor Mark Carney in which he said that BoE will raise interest rates soon, since the economy is picking up, but there could be factors that affect the exact time of rate hike, and there are signs of inflation pressures. What this means that there is no need to hold punches for rate hikes, since inflation overshotting expectations isn't something they want.
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Sterling higher ahead of tomorrow's CPI figures

It was a steadier Monday's session for Sterling without any data releases. Sterling had fallen to a one-month low earlier last week as the dollar surged on interest rate differentials moving in its favor, but it was then boosted by a British budget that was less austere than many had expected and also by robust housing data. The GBP has traded steadily during recent sessions, but this could all change tomorrow morning when the latest UK inflation numbers are published.

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