BOE’s Ramsden: More skeptical about giving more detailed rate path guidance

The Bank of England (BOE) policymaker Ramsden is on the wires now, via Reuters, making comments at his testimony before the Treasury Select Committee (TSC), with the key headlines found below.

I'm more skeptical than Vlieghe about giving more detailed rate path guidance.

Giving more detailed rate hike guidance would risk getting lost in translation, misinterpreted as promises.

WTI refreshes 4-year highs, nears $ 73 mark ahead of API

The bulls remain unstoppable, now pushing WTI (oil futures on NYMEX) closer towards the $ 73 mark, having refreshed the highest levels since November
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USD/CAD slides to over 1-week lows, around mid-1.2700s

   •  The ongoing USD profit-taking prompts some additional selling on Tuesday.    •  Bullish oil prices underpin Loonie and further collaborate to t
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