A complicated outlook for Sterling - Scotiabank

By FXstreet.com | September 03, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank gave a few key pointers surrounding the pound.



Key Quotes:



"There is still a rare disconnect between UK‐US 2year bond yield spreads which have spiked up to 0.85% and the currency”.



“Complicating the sterling outlook is the approaching Scottish referendum on September 18th, where polls show a narrowing 6% lead by the ‘no’ side”.



“We do not expect any change at tomorrow’s BoE meeting, with rates on hold at 0.5% and the excitement to come from the September 17th minutes."



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