FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank highlights that over the past month, sterling has fallen around 2% vs. the USD.



Key Quotes:



“A large part of the fall in cable can be attributed to the firmer stance of the USD”.



“Nevertheless, GBP has weakened against every developed world currency with the exception of the NZD in this period suggesting that domestic factors are also at play”.



“In our view, investors are currently swallowing a dose of reality with respect to the performance of the UK economy and the outlook for BoE interest rate policy”.



“While this could keep sterling on the back foot in the near-term, we do not expect this to extend too much further against the EUR”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    FOMC Decision Holds Reins on Dollar and SPX, Pound Mixed after GDP

  2. Forex News

    GBP/USD surging higher to 1.56 levels - FXStreet

  3. Forex News

    GBP/USD Technical Analysis: Range Resistance Back in Play

  4. Forex News

    Strategy Video: Dollar Awaits Fed Promise to Hike or Hold Through 2015

  5. Forex News

    Hawkish BoE and Fed Look to Data for 2015 Liftoff

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!