We must not declare premature victory on inflation, BoE s Pill says zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The pound sat within its
recent ranges against the euro and dollar on Monday, and
rebounded against the Swiss franc, at the start of a week with
always-important inflation data that will further guide.
In the upcoming Asian session, the spotlight shifts to New Zealand's CPI data and release of RBA minutes. That makes AUD/NZD an interesting one to watch. Technically, the cross recovered after falling to 1.0620 a week ago. Price actions from there are still clearly corrective. Near term outlook will stay bearish as long as 1.0720 resistance holds. Fall from 1.1050 is still in favor continue to 100% projection of 1.1050 to 1.0721 from 1.0914 at 1.0585 next.