Last week was for the euro and this week is likely to be for sterling to take centre stage. The issue for the BoE Inflation Report on Wednesday will be the extent to which the Bank continues with a policy of forward guidance in the face of what has been better data on the economy and signs of further buoyancy in the housing market. Things were complicated enough back in February when the Bank focused on a wider range of indicators in terms of framing its forward guidance policy. This time around, the question is whether it is down to the bank to cool things, or the Financial Policy Committee (FPC), who are tasked with using their powers to reign in lending should it believe there are risks of a bubble forming in the housing market. They don’t meet until mid-June, but they are likely to be increasingly in the spotlight in coming months. For sterling, any signs of the Bank backing down on forward guidance will be taken as positive, at least initially. Ahead of that, today is likely to be a day of markets holding within recent ranges. The dollar has regained its poise in the past few sessions, although much of this has been against the weaker euro. The Aussie continues to look on good form, with the overnight release of business confidence data coming in firmer than expected and giving the Aussie some support at the margins. In emerging markets, both the South African rand and Indian rupee are in the spotlight after recent elections. No surprise with continuation of ANC in South Africa, but even with the currency at its strongest level this year, there are certainly challenges ahead for the economy. The Rupee is also firm as India’s election draws to a close and both reflect a stronger performance from emerging market currencies in general, helped by the weaker tone to the US dollar vs. expectations this year. Further gains though could struggle, given that the authorities could start to become concerned as to the domestic impact of the firmer currency. As always with emerging markets, it’s a matter of timing. Further reading: Could EURUSD Be The Trade Of The Year? FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next Loonie Bulls Hit Wall as new week unfolds Karl Schamotta 8 years Last week was for the euro and this week is likely to be for sterling to take centre stage. The issue for the BoE Inflation Report on Wednesday will be the extent to which the Bank continues with a policy of forward guidance in the face of what has been better data on the economy and signs of further buoyancy in the housing market. Things were complicated enough back in February when the Bank focused on a wider range of indicators in terms of framing its forward guidance policy. This time around, the question is whether it is down to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.