Flash: Eye’s on Inflation Report - Investec

FXstreet.com (London) - In Investec’s currency market dealers brief, the team noted that the Bank of England rate announcement went almost unnoticed yesterday, as the MPC took a backseat to events in the US and Europe.

Key Quote:

“The momentum of the economy has built up more rapidly than the MPC forecasted in August’s Inflation Report, and this has contributed towards a faster decline in unemployment, this combined with the decision to leave things on hold turns all the attention to next week’s inflation report which will be monitored with serious interest”.