20 Nov 2013
Flash: GBP/USD, BoE and Fed focused - TDS
FXstreet.com (London) - A currency research team at TD Securities said the BoE minutes did not add much.
Key Quotes:
“We didn’t already know, with the vote to keep rates and asset purchases on hold still a unanimous decision (9-0)”.
“There was some discussion that rates may not be raised as soon as the 7% unemployment threshold is reached”.
“That saw a knee-jerk selloff in the GBP, but that move has since been fully retraced in recognition of the fact that that message is just a reiteration of what we heard from Carney last week. US data will be important for GBP/USD in the coming hours, but the day ahead should continue hold a monetary policy focus with BoE MPC member Weale speaking at 1:30PM ET, and the FOMC minutes due at 2:00PM ET”.
Key Quotes:
“We didn’t already know, with the vote to keep rates and asset purchases on hold still a unanimous decision (9-0)”.
“There was some discussion that rates may not be raised as soon as the 7% unemployment threshold is reached”.
“That saw a knee-jerk selloff in the GBP, but that move has since been fully retraced in recognition of the fact that that message is just a reiteration of what we heard from Carney last week. US data will be important for GBP/USD in the coming hours, but the day ahead should continue hold a monetary policy focus with BoE MPC member Weale speaking at 1:30PM ET, and the FOMC minutes due at 2:00PM ET”.