FXStreet (Guatemala) - Analysts at TD Securities explained that the MPC Minutes merely reverse part of the moves from the downside to CPI.



Key Quotes:



“For all the volatility Carney and the MPC are injecting into the market, we have generally reached a level of maturity in market pricing for the BoE that taking Bank Rate to a 2.00-2.50% range within three years is well entrenched as the plan and the quibbling over the next 6-12 months will continue”.



“We see significant upside risks to UK retail sales tomorrow, so for the first time in a week, we may actually be able to string together two surprises in the UK in the same direction”.



“Our US colleagues also see the risks biased towards higher rates in the US through today’s FOMC Minutes and Jackson Hole over the weekend, so the short-term seems supportive for higher rates and stronger GBP, especially on non-dollar crosses”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD stays near daily lows after US data

  2. Forex News

    GBP/USD appears supported around 1.5540/60 – BBH

  3. Forex News

    GBP/USD drops below 1.5600

  4. Forex News

    GBP/USD negative below 1.5674/1.5738 – Commerzbank

  5. Forex News

    GBP/USD meanders near lows around 1.5615, shrugs off UK data

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!