|02-10-2015, 02:04 PM||#1|
GBPUSD almost unchanged, inflation report in focus
The pound was almost unchanged against the U.S. dollar on Monday, at a time when traders awaited the quarterly inflation report expected next Thursday.
The GBP/USD pair steadied around 1.5200 at 12:40 GMT, dropping from the opening levels 1.5255.
Markets are awaiting the quarterly inflation report that has a new outlook for growth and inflation in Britain, while the future direction of monetary policy by the Bank of England, which may have been forced to change its forecast regarding a rate hike next fall, even with the continued improvement in the pace of British economy growth.
Prime Minister David Cameron will meet with members of the British Central Bank and the finance minister on Monday to address the risks that may result from a Greek exit from the euro zone membership.
According to the official spokesman for the British government, the government has taken precautionary measures since 2012 in light of facing the risks of the sovereign debt crisis.
The government is more caution at the moment with the growing concerns about Greece’s exit from the membership of the euro zone, at a time when Britain is the largest trading partner in the country.
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