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. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    Forex News

    USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

  2. GBP/USD reached 1.6050 with GDP help
    Forex News

    GBP/USD reached 1.6050 with GDP help

  3. GBP/USD struggling to rise above 1.6042 - FXStreet
    Forex News

    GBP/USD struggling to rise above 1.6042 - FXStreet

  4. GBP/USD Dark Cloud Cover Delivers Further Declines
    Forex News

    GBP/USD Dark Cloud Cover Delivers Further Declines

  5. GBP/USD is still hopeful before UK GDP
    Forex News

    GBP/USD is still hopeful before UK GDP

Trading Center