17 Jan 2014
Flash: The pound is strong; next driver? - Scotiabank
FXstreet.com (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank notes the rally in the pound today.
Key Quotes:
"GBP is strong, up 0.5%, but still within this week’s range. The rally came on the back of stronger than expected retail sales, up 2.8% ex auto m/m and 2.6% incl auto m/m. For GBP, the key driver will be the release of unemployment(Wed) as it will tie directly into the outlook for the BoE. C.S."
Key Quotes:
"GBP is strong, up 0.5%, but still within this week’s range. The rally came on the back of stronger than expected retail sales, up 2.8% ex auto m/m and 2.6% incl auto m/m. For GBP, the key driver will be the release of unemployment(Wed) as it will tie directly into the outlook for the BoE. C.S."