Today's Headlines and Market Analysis

MARKET ANALYSIS:
ECON DATA:

Curr Econ Data Expectations Prior GBP BOE Gov Carney Speaks GBP BOE Inflation Report EUR German Industrial Production m/m 0.30% -1.00% USD 10-y Bond Auction 2.67|2.6 USD Consumer Credit m/m 15.3B 19.6B

TODAY'S TALKING POINTS:

• QIR expectations are for forward guidance to be addressed more deliberately which should turn Gilts Bid and put the GBP under pressure.
• German Industrials Production will be the only Econ Market Driver today
• After yesterday's strong 3 yr auction the 10yr auction will be watched closely today

On Going Market THEMES:

FED Tapering in Sept / Debt Ceiling / Student Loans and Muni's 

NEWS:
More worrying news out of Europe - Bloomberg

JPY Strength is cause overnight equity weakness - Bloomberg

China Fears Only Beginning - Zerohedge

Student Loans & Muni's..... - Zerohedge

FED Tapering Likely to Start in Sept. - New York Times

Is Great Britain really on the right track - Telegraph

The Problem with Low Rates for and Extended Period - Telegraph