SaxoTV

Beecroft: UK inflation at lowest level for two decades

571 views
February 12, 2015 bank, bank of england, banks, beecroft, easing, federal reserve, foreign exchange, foreign exchange market, forex, forex 2014, forex 2014 outlook, forex and more, forex audusd, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forextrading, forward guidance, fx, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, fxmarkets, gbp, gbp falling, gbp trading, gbp trading 2014, gbp trading 2015, gbp usd, gbp weakening, gbpeur, gbpusd, gbpusd 2014, gbpusd labour day, gbpusd oct 2008 high, gbpusd record high, gbpusd trade idea, infation, inflation, inflation and investing, inflation rate, inflation rates, inflation report, inflation target, infrastructure, macro, macro economics, macro economy, macro policy, macro strategy, macroeconomics, quantitative easing, quarterly outlook q3, saxo tv, sterling, sterling appreciation, sterling dollar, sterling euro, sterling exchange rate, sterling forex, sterling investment, sterling losses, sterling rise, sterling risk, sterling strength, sterling strong, sterling trading, sterling trading 2014, tradingfloor.com
The Bank of England has cut its inflation forecast for 2015 to 0.5% down from 1.4% but officials say the bank will hit its 2% target by 2017. There wasn't any sense of panic about inflation being at its lowest level for two decades and certainly no sense of an imminent rate change.   

Bank of England Governor Mark Carney seemed relaxed about the possibility of a rate cut to below 0.5%. Sterling rallied initially but that faded as the market took in the fact that easing tactics remain on the bank's table. 

Chairman of Saxo Capital Markets Nick Beecroft give us his analysis of the bank's quarterly inflation report and what it means for Sterling trading.