GBP/USD: Risks to the downside - RBS

By FXstreet.com | July 20, 2014 AAA

FXStreet (Bali) - RBS FX Team sees risks to the downside in GBP/USD this week.



Key Quotes



"Positioning clearing in GBP ahead of the weekend amid geopolitical tensions may be partially responsible for GBP/USD reaching its lows of the month, but the economic data remain supportive of GBP broadly, particularly higher than expected inflation."



"We do, however, see risks to the downside for this week’s 2Q GDP release. The MPC minutes are released this week as well which will undoubtedly be watched for any hawkish dissenters (we think none)."



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