Lagarde speech: Inflation is not where the ECB wants it

Speaking on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, European Central Bank (ECB) President Christine Lagarde said that she is “confident inflation will reach the 2.0% target.”

Additional quotes

Inflation is not where the ECB wants it.

But on the right path towards the 2.0% target, though no victory yet.

Too optimistic markets not helpful in fight against inflation.

Jan 17, 2024

EUR/GBP struggles to gain ground above 0.8600 following UK CPI data

The EUR/GBP cross drops below the 0.8600 psychological mark during the early European session on Wednesday.

US Retail Sales Preview: Forecasts from nine major banks, consumers continued spending in December

The US Census Bureau will release the December Retail Sales report on Wednesday, January 17 at 13:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of nine major banks regarding the upcoming data.