Key events today: BoE expected to hold rates – Danske

FXStreet (Barcelona) - The Danske Bank Team previews the key events for the day, expecting BoE to remain neutral, and adds that US jobless claims data might attract attention ahead of Friday’s NFP release.

Key Quotes

“The European Commission publishes its winter forecast and we expect it to keep its euro GDP forecast almost unchanged but that to revise its inflation forecast for 2015 markedly lower and likely into negative from 0.8% in the autumn forecast.”

“We expect Bank of England to maintain the Bank Rate and the stock of purchased assets. There is no statement and focus is on the Inflation report next week and the minutes from the meeting.”

“In the US initial jobless claims could attract some attention ahead of the job report Friday. Last week it dropped to 265K from 308K but the Martin Luther King holiday could have given extra volatility and consensus is for some rebound today.”

“There are also some central bank speeches including ECB’s Weidmann, who talks about responsibility and liability in a monetary union, and ECB’s Knot, who will be heard in Dutch parliament on ECB’s QE.”