GBP losing it’s shine - FXStreet

By | Updated August 13, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXstreet explained that sterling had one of its worse days of the year.

Key Quotes:

“Shedding near 150 pips against the dollar on UK fundamental data”.
“Employment figures missed expectations with wages down, while quarterly inflation report ended up with a dovish BOE’s governor Carney, concerned about the slack economy and diminishing chances of a sooner rate hike”

“The GBP/USD fell down to 1.6700 with the news, finally breaking below 1.6695 area”.

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