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BOE the main event on the agenda today

It's a slow start to the day after a bit of a back and forth session yesterday following the US CPI data. The inflation numbers mainly reaffirmed the latest Fed narrative, with bond yields slipping and that saw USD/JPY drop off back below 135.00. I shared some thoughts about what the data means earlier here.If anything else, it should give markets some quiet confidence about the current outlook for major central banks. However, there is more work to be done and economic data in the months ahead... Read More

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Posted: May 11 2023, 05:16

Author Name: forexlive

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