Sterling bull’s disappointments - Rabobank

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Analysts at Rabobank noted that this morning’s release of the weaker than expected June retail sales report at 0.1% m/m has come as a disappointment to the sterling bulls.



“The ONS, however, has detailed more encouraging information regarding the underlying trends “the three-month on previous three-month movement in the quantity bought showed continued growth for the sixteenth consecutive period increasing by 1.6%”.



“This is the highest calendar quarter since March 2004 (1.9%) and has been the longest period of sustained growth since November 2007”. The market may again be guilty of expecting a little too much regarding the pace of recovery in the UK economy”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD failing at 1.52 levels – FXStreet

  2. Forex News

    GBP/USD recovers to 1.5180

  3. Forex News

    GBP/USD upside corrective – Commerzbank

  4. Forex News

    GBP/USD Technical Analysis: Aiming Above 1.52 Figure

  5. Forex News

    GBP/USD might find sellers near 1.5185/95 – AceTrader

Trading Center