Forex - Colombia Flows: COP has marginal gains to 2864. Bets on 50bp cut likley to grow


 14:29 (GMT) 20 Apr

  [Forex Flows]

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Colombia Flows: COP has marginal gains to 2864. Bets on 50bp cut likley to grow (0100-NGKC-C01)

COP is recovering marginally after yesterday strong sell off. Oil prices are staging a marginal rebound, not enough to bring COP below 2850 and suggesting that COP is likely to remain at 2860/90 range ahead of France elections. Regarding the Monetary policy meeting next week there is a growing bet that Banrep may ease faster after the very weak numbers in February economic activity. We have changed our view from 25bp rate cut to 50bp.


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