Italy Consumer Price Index (EU Norm) (YoY): -0.1% (April)

Jane Foley, Senior Currency Strategist at Rabobank, believes that in today’s Quarterly inflation report, the Bank of England might not rush in for a rate hike and remain on hold until May 2016, and further forecasts GBP/USD to spend much of H2 2015 around 1.50 levels.