Elsewhere, the data is relatively limited, with the UK data calendar once again sparsely populated. The data for March will be released along with February figures, which were previously delayed by the US government’s arrest. weak data implies a Fed doves for a longer period of time. Trade all the main LIVEAS global economic data
Demand for the pound remained unchanged after the figure as it was not seen as strong enough to alter the Bank’s projections of rising interest rates in England. Demand for euro exchange rates continued to rise on Wednesday morning, benefiting from increasing market concerns about the final outcome of the UK referendum vote. Where the
Consumers outlook for the global economy remains relatively contained, however, as the consumer expectation reading component for October is down 5% year-on-year. Forecasts last week claimed that the dollar owes its unparalleled anti-liquidity charm appeal. Five of 15 analysts expected the central bank to meet its forecasts and end negative rates in the third quarter.
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