Key week ahead for the GBP - Investec

By FXstreet.com | Updated August 11, 2014 AAA

FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks this week's key events in the UK economy.



Key Quotes



"The data focus shifts this week to the Pound and as such we may see UK data become more important. Recently the GBPUSD exchange rate has been more affected by Dollar safe haven buying rather than timings around when the Bank of England might start to raise interest rates this year or next."



"Although we have a light calendar today, on Wednesday we see important employment and wage growth data - being watched as a potential inflation trigger, followed by the Quarterly Inflation Report and testimony. The Monetary Policy Committee decided to hold interest rates at 0.5% last week but the chance of revised growth and inflation paths, and a platform to highlight the committee's discussion on economic slack ahead of the meeting minutes release, makes the Inflation Report a particularly important event if the committee wants to signal a hike this year."



You May Also Like

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  2. Forex News

    GBP/USD Range in Focus Ahead of U.K. & U.S. 3Q GDP Reports

  3. Forex News

    Sterling between bullish dollar and bearish euro - BBH

  4. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  5. Forex News

    GBP/USD soft into the closing hours - Scotiabank

Trading Center