Daragh Maher Quotes (18 Quotes)

We will probably see inflation holding around 2.4 percent and it is still benign. Things are generally improving in the euro zone and I don't think this story will be derailed by the PMI.

I'd be a bit nervous about the pound's rally recently. We've not seen enough evidence of a pickup in growth and the focus is still on the next rate cut, which I think we'll get in February.

In the end, rates are set to rise and it would be a mistake to see recent comments as a commitment to keeping rates unchanged for a prolonged period -- low, yes, but not unchanged.

We are expecting a reasonably soft number, which could undo some small dollar gains we have seen against European currencies.

The dollar is drifting downwards. There is an inclination to sell dollars -- the current account deficit is the underlying concern. We need to see a big upward surprise in U.S. data to change the sentiment.

The more hawkish rhetoric we've had from the ECB and talk of the next move in interest rates being up is protecting the euro a little. The problem the market has is that it's tougher talk, but action is still some way away.

There's a justifiable degree of cynicism about the new coalition. People are unsure about what it will deliver in terms of economic reforms.

Certainly, the tone of the Inflation Report did not hint at such a pronounced division within the central bank, but rather one where the majority is content to overlook shortfalls in economic activity in an environment where inflation is tracking close to target and expected to continue doing so over the forecast horizon.

The rise in output prices ... will not ruffle the doves unduly when the Monetary Policy Committee meets next month to decide on interest rates.

The yen also got a boost from the China story because the yen is a yuan proxy.

The interesting aspect of the market reaction to the generally strong data released today is that the upside surprises have failed to provide any upward impetus to the dollar.

Although growth and inflation have tracked somewhat below the forecasts made in the (November) Inflation Report, the magnitude has not been seen as sufficient to warrant a fine-tuning on the rate front.

There are concerns that the revival in euro zone business confidence has been driven by the external sector, which could be undermined if the euro keeps on rising.

There is a big hangover from soft U.S. data we had yesterday which worked in the direction of dollar weakness.

It's not clear what will happen to Europe. A lot of questions have been raised by this vote and none of this is immediately positive.

Structural nervousness creeps into the market from time to time but interest rates still favor the dollar.

None of this will ease concerns for those at the Bank of England nervous about the outlook for consumption in the months ahead, particularly after the loss of momentum early this year.

Given the Bank of England's apparent wariness about the accuracy of this initial (GDP) estimate, it is questionable whether it will have much of a bearing on policy decisions.