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British Pound Could Tumble on BOE Minutes, US Dollar Faces Risks From US CPI, FOMC Minutes (Forex Video)

Tuesday, 18 November 2008 21:57:06 GMT

Written by Terri Belkas, Currency Strategist

British pound remains under pressure as UK CPI fell more than expected on Tuesday, while the release of the BOE's November meeting minutes could signal additional rates cuts. Likewise, US CPI is forecasted to cool, though the FOMC October 28-29 meeting minutes could be a better gauge of the Fed's bias.

Stories to watch on DailyFX

·          How will the British pound and US dollar respond to the BOE, FOMC meeting minutes tomorrow?
·          Find out where DailyFX Analysts think the consolidation of the euro and British pound will lead to going forward.

Send any comments or questions to tbelkas@dailyfx.com.

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