GBP/USD: holds short-term negative perspective - Scotiabank

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank notes that the GBP/USD holds short-term bearish perspective, although she warns uncertainty over the GBP outlook is building.



Key Quotes



“GBP is essentially flat as the BoE left all policy measures on hold, with interest rates at 0.5%. Next week’s Inflation Report (August 13th) will provide clarity on how the BoE’s views are unfolding and is a major hurdle for GBP, followed by the release of today’s minutes on August 20th”.



“GBP/USD short‐term technicals: bearish ‐ however the test down to 1.6786 that we expected is proving a challenge with the European session warning of building uncertainty over the outlook for GBP”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD might rise to 1.5294 – FXStreet

  2. Forex News

    GBP/USD trades at 50-DMA

  3. Forex News

    GBP/USD may continue to move lower towards 1.5200 – OCBC

  4. Forex News

    GBP/USD Technical Analysis: Support Now Below 1.52 Mark

  5. Forex News

    Video: Strategy for Dollar, Equity Traders Heading into NFPs

Trading Center