QE or not to QE

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Data just out indicated that UK consumer price inflation eased for April. Weak CPI, coupled with a downbeat quarterly inflation report released last week, has further strengthened speculation of additional easing and could weigh on Sterling against the majors in today’s trading session. Turning focus to Europe, ‘Grexit’ chatters took a backseat after German and French finance ministers indicated their willingness for Greece to stay in the Eurozone.

Opinion polls in Greece suggest that the conservative New Democracy party is drawing level with the radical left party Syriza. Consumer confidence data in the Eurozone later today may likely prove to be a driving force for the Euro.

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QE or not to QE

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