BoE unlikely to be an event - Scotiabank

By FXstreet.com | August 06, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the conditions surrounding the UK’s data releases and movements in the pound.



Key Quotes



“The typically volatile industrial and manufacturing production releases were disappointing; but both were up 0.3%m/m; while Halifax house prices were reported up 1.4%m/m and 10.2% 3mths/yr."



"Accordingly the data was mixed leading into tomorrow’s BoE meeting, which is expected to provide no surprise for GBP this week but the minutes could prove far more interesting, providing insight into how close the MPC is to entering a tightening cycle. Scotland’s referendum on independence (scheduled for September 18th) is also proving an important focus."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY desperate to move away from 107.00
    Forex News

    USD/JPY desperate to move away from 107.00

  2. US Dollar Technical Analysis: Readying to Resume Uptrend?
    Forex News

    US Dollar Technical Analysis: Readying to Resume Uptrend?

  3. GBP/USD goes nowhere ahead of retail sales report
    Forex News

    GBP/USD goes nowhere ahead of retail sales report

  4. EUR/JPY Technical Analysis: Former Resistance Now Support
    Forex News

    EUR/JPY Technical Analysis: Former Resistance Now Support

  5. GBP/JPY Technical Analysis: Pound Sold vs. Japanese Yen
    Forex News

    GBP/JPY Technical Analysis: Pound Sold vs. Japanese Yen

Trading Center