Pound Looks to Financial Stability Report to Drive BOE Rate Hike Bets

The spotlight turns to the Bank of England once again in European trading hours as Governor Mark Carney presents the bi-annual Financial Stability Report (FSR).

Draghi Says ECB Guidance May Help to Curb Euro Strength

European Central Bank President Mario Draghi said his forward guidance may help to weaken the euro and lower real interest rates, easing the risk that inflation won’t return to the goal set by policy makers.

IMF raises Egypt 2013 CPI forecast to 10.9%, highest since 2010

DUBAI: Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April.