Flash: GBP to remain under pressure into BoE - Danske Bank

FXstreet.com (Barcelona) - Danske Bank analysts note that the FX markets will also focus on today’s BoE meeting(no policy changes expected).

Key Quotes

“If there is a new press statement, it will most likely focus on the planned ‘forward guidance
policy’.”

“Remember, details will be published on 7 August in connection with the new Inflation Report.”

“GBP has been under pressure recently but we still see some upside for EUR/GBP. Note though that positioning is already stretched according to the CFTC positioning data.”