BoE’s Pill Hold decision reflected view some restrain on economy needed to be maintained There is still a need to bear down on inflation Balance of economic drivers has switched to supply side We can be less sanguine about idea of slowing demand will lead to inflation returning to market We have not really entertained
Share: EUR/GBP fades bounce off intraday low but remains defensive after reversing from two-week high the previous day. German Retail Sales for July prints downbeat figures, UK Car Production improves. BoE’s Pill, Eurozone HICP eyed for clear directions. EUR/GBP fades bounce off intraday low around 0.8580 as it justifies downbeat German Retail Sales