FXStreet (Córdoba) - The UBS analyst team noted that solid inflation figures should eventually lead to central bank action even though Carney moderated such expectations on Tuesday.



Key Quotes



“High inflation boosted the value of the pound on Tuesday. In June core CPI rose by 1.9% yoy against expectations of 1.6%. A separate statistic showed that London area house prices rose by a record 20% yoy”.



“The recovery of consumer and house prices is much quicker than many expected and should eventually lead to central bank action, even though Mark Carney, the head of the BoE, moderated such expectations on Tuesday”.



“GBP/CHF has risen by more than one big figure from 1.52 to well above 1.53”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Video: Will the Market Move on NFPs with Liquidity, Greece Hanging Over It?

  2. Forex News

    Key Levels to Know on USD Majors Heading into NFPs and July Trade

  3. Forex News

    GBP/USD heavily bearish; smashed down to 2-week lows

  4. Forex News

    GBP/USD: rising wedge patter? 1.5550 to trigger major losses - CB

  5. Forex News

    GBP/USD hits 2-week lows after US 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!