FXStreet (Łódź) - The RBS team of analysts suggest that currency markets have not yet had sufficient time to re-price the reality that Bank of England is now very likely to run ahead of the Fed vis-à-vis first monetary tightening.

Key quotes



"The slightly weaker UK Retail Sales data does not change our view on this."



"Long cable and long GBP/SEK."



"Overall however FOMC is something risk markets digest most palatably given the CPI-related, Carney-read-across-related angst going into yesterday's Fed meeting – so cue some more low vol for longer related 'Mine, Everything' risk buying cross asset classes."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD to Eye June High on Stronger U.K. 1Q GDP

  2. Forex News

    GBP/USD Technical Analysis: Oscillating in Familiar Range

  3. Forex News

    GBP/USD bears eye 1.5550

  4. Forex News

    GBP/USD has 1.5600 on the map - UOB

  5. Forex News

    Webinar: Greece Charges Euro Gap & Snapback- USDJPY Remains at Risk

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!