BOE seen raising rates in Q1 2017 – Reuters poll

The latest Reuters poll shows Bank of England rate hike is not seen happening before Q1 2017.

Respondents have now pushed back its first hike now to Q1 2017 from Q4 2016. 45% see a hike by end of 2016 vs 55% in Jan poll.

Respondents also said BOE rates are to remain unchanged at next week's MPC.

USD/JPY dips below 113.00

The US dollar remains on the defensive against the yen, extending gains into a second day to score lows sub-113.00 at the beginning of the American session.
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United States Redbook index (MoM) climbed from previous -2.4% to 2.9% in March 4

United States Redbook index (MoM) climbed from previous -2.4% to 2.9% in March 4
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