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  • UK VIEW: Valentin Marinov of CitiFX says Tuesday's speech by BOE GovKing (at 19:40 GMT/2:40 EDT) "could provide some insight about theBank's assessment of the latest inflation developments."
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25.01.2011, 19:43

UK VIEW: Valentin Marinov of CitiFX says Tuesday's speech by BOE GovKing (at 19:40 GMT/2:40 EDT) "could provide some insight about theBank's assessment of the latest inflation developments."

In prior remarks, King typically has been cautious in his assessment of theeconomy and monetary outlook and this has weighed on cable, he reminds. With the BOE releasing the minutes of the December meeting Wednesday (unless the Bank sounds less hawkish, comments may support cable), any cable sell-off on King's comments may present "a good buying opportunity" ahead of the minutes," Marinov says.

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