GBPINR Intraday Outlook : 12.04.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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UK March CPI remained at 2.3% y/y, unchanged from February, which is the hottest rate headline inflation has been since September 2013. The outcome matched the median forecast. Core CPI dipped to 1.8% y/y from 2.0%, and was slightly lower than the median forecast for 1.9% y/y. The data fits with BoE projections, which foresee headline CPI rising above 3.0% over the coming months amid a combo of higher energy and food prices, and the lower pound. The data should maintain the BoE on its neutral policy stance. BOE Governor Carney is due to speak today at the International FinTech Conference, in London. Also to be watched is the Average Earnings data in the UK along with the Jobless claims and Unemployment Rate figures.