BoE unlikely to be an event - Scotiabank

By FXstreet.com | Updated 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."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Double Top reversal in GBP/USD hourly chart – FXStreet

  2. Forex News

    GBP/USD bullish above 1.5265 – Varengold

  3. Forex News

    GBP/USD consolidates above 20-DMA, awaits fresh incentives

  4. Forex News

    GBP/USD Technical Analysis: Digestion Below 1.53 Continues

  5. Forex News

    GBP: Fed volatility within 50 pip range, scores ground on 1.52 handle

Trading Center