QE3 to sail from US?

andres del risco

Across the Atlantic, calls for the Federal Reserve to press the accelerator is getting louder following yesterday’s weak retail sales data for May. Further strengthening the case for QE3 is today’s consumer price inflation which is anticipated to ease for May. In Europe, after Moody's downgraded its credit rating on Spain and Cyprus, focus has now shifted to the Italian bond auctions due later today.

At home, with an economic calendar on the lighter side, markets are likely to focus on the Mansion House speeches by the BoE Governor and the Chancellor of the Exchequer later today for further hints on the state of the economy.

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QE3 to sail from US?

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