BOE’s Weale: U.K. rate cut hinges on inflation (news: 18/07/16)
Today’s Press
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Yen slips as Turkey quashes coup, Softbank deal eyed
The yen sank back toward three-week lows against the dollar on Monday as investors unwound a surge of safe-haven trades done on the back of reports of an attempted military coup in Turkey on Friday.
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Turkey coup attempt: Asian crude traders see little impact
Asian crude traders say Monday they do not see much immediate market impact from the failed coup attempt launched by Turkish army officers late last week.
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BOE’s Weale: U.K. rate cut hinges on inflation
A Bank of England rate setter said Monday the case for cutting interest rates in August will depend on how far inflation is likely to overshoot its target following a sharp fall in the exchange rate.
Next Trading Day’s Important Events
- 04:30 (GMT+3) RBA Minutes
- 11:30 (GMT+3) UK CPI
Forex Quotes:
- USDJPY: 105.70
- EURUSD: 1.1052
Indices:
- S&P 500: 2,161.74
- NASDAQ : 5,029.59
Source:: BOE’s Weale: U.K. rate cut hinges on inflation (news: 18/07/16)