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Demand pressures to generate slightly more inflation than MPC Feb forecast shows – BOE’s Weale

BOE’s Martin Weale was also on the wires, commenting on the inflation expectations before the Parliament's Treasury Committee.

Key Quotes:

The most likely outcome still seems to me that demand pressures will generate slightly more inflation than the Monetary Policy Committee Feb forecast shows

Sees upside risks to inflation, after a year, stemming from possible profit share movements, tightness in labour market

GBP/USD turns volatile ahead of Carney’s testimony

The GBP/USD pair topped out at 1.4153 and fell to 1.4097, before recovering back to 1.4110 levels ahead of BOE Carney’s testimony.
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German IFO takes a dive in February - ING

Carsten Brzeski, Research Analyst at ING, suggests that Germany’s most prominent leading indicator, the just released Ifo index, dropped to 105.7 in February, from 107.3 in January; the third decline in a row and the lowest reading since January 2015.
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