20, March 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

Analytics from Brown Brothers Harriman firmly believe that the UK will command the market this week.

As they believe the CPI on Tuesday was just a warm-up before the middle of the week when we expect a number of important news: Chancellor Osborne's speech on the budget, a report on employment minute BOE. In addition, they also believe that the Bank of England will not begin a program of asset purchases, but they have no information on how the votes are.

According to them, they only suspect that the King rejoined Miles and Fisher in favor of new purchases, as he did it in February.

Taking into consideration the limited data, some economists suspect that the IMF and the Liberal Democrats have proposed to reduce the severity and the Tory government to capitulate.

According to analysts the UK will continue to pursue a course of monetary policy loose and tight fiscal policy.

UK is to publish letters on inflation and the Bank of England inflation report this week.