Not that this was a criticism, rather, the observation that the monetary committee did not set out his train of thought with regard to the forecast for the UK economy and with it - inflation. One committee member wanted an immediate rate increase to 0.25%, while Posen again vote for further extension of quantitative easing to 50 billion GBP. As we've seen this week, such a spread of opinion hampered sterling to get some unique reaction to inflation data, released Tuesday. It also confirms our assumption of a higher volatility until the end of the year, and it seems like the last word left out of the dollar.Inflation in the U.S.. Inflation in the U.S. showed a very marked drop in October for pivotal indicator, from 0,8% to 0,6%. A year ago it was 1.7% and is spurring fears of deflation, which are prevalent in some sectors (not only in the FRS). In combination with weak data on the construction of this put pressure on the dollar in early New York session.
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