VIDEO: Weekly outlook for GBP, JPY
Bank of England (BoE) this week published the minutes of its last meeting. It will be interesting to see if the changes to the board members voting for and against the increase in the volume of purchases of assets from the current value of 375 billion GBP. In the middle are also published data on the labor market and on Thursday, then retail sales. Economy Britain has for the first quarter 2013 mixed data. While the service sector prospers, industry declines. If England fails to report for the first three months of growth, waiting for her third recession in the last five years.
The main event of this week's two-day meeting of G20 finance ministers, who will be looking for the perfect balance between fiscal austerity and economic stimulus programs to which they have fundamentally different views of the U.S. and Germany.Will also be discussed monetary policy, Japan is at loggerheads with the U.S. and Europe. After the Japanese are required to submit materials to prove that the land of the rising sun plans to restore its economic growth through other programs besides monetary easing. Tokyo will also have to persuade others that the aim of weakening the yen is not to favor domestic exporters to the United States or Europe.
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