Key week ahead for the GBP - Investec

By FXstreet.com | 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."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation
    Forex News

    USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation

  2. USD/JPY is dancing around 107.00
    Forex News

    USD/JPY is dancing around 107.00

  3. USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
    Forex News

    USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

  4. NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
    Forex News

    NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades

  5. EUR/USD sidelined above 1.2700
    Forex News

    EUR/USD sidelined above 1.2700

Trading Center