20 Jun 2014
Pound remains the strongest and price action confirms it - FXStreet
FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that the GBP is still the strongest among majors and price action confirms it.
Key quotes
"Some mild weak numbers were so far not enough to affect the strength of the currency, and it will take more than a month of disappointing readings to take it down."
"In the meantime, market will continue pricing in a rate hike by the ends of this year, and positive macro data will only fuel the rally."
"For this week, the UK will offer inflation hearings and its financial stability report, but the key event will be GDP readings on Friday: a strong final number for the quarter, currently at 0.8% should continue to support the bullish trend in the midterm."
Key quotes
"Some mild weak numbers were so far not enough to affect the strength of the currency, and it will take more than a month of disappointing readings to take it down."
"In the meantime, market will continue pricing in a rate hike by the ends of this year, and positive macro data will only fuel the rally."
"For this week, the UK will offer inflation hearings and its financial stability report, but the key event will be GDP readings on Friday: a strong final number for the quarter, currently at 0.8% should continue to support the bullish trend in the midterm."