FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman said Sterling has been hit by a wave of profit-taking by the shifting sands of the BOE signals.



Key Quotes:



"The recent Quarterly Inflation Report suggested a dovish stance. Then at the Mansion House, Carney warned that a rate hike could come earlier than the market had expected."



"Today, before the Treasury Select Committee, the signal is somewhere in between the two earlier statements. Given the more recent hawkish signals, investors have been whipsawed."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP positioning reveals shorts are shrinking – Danske Bank

  2. Forex News

    Range in USDOLLAR Index Offers Opportunities on Both Sides This Week

  3. Forex News

    GBP/USD stuck below 1.5600

  4. Forex News

    GBP/USD capped below 1.5600 post UK data

  5. Forex News

    GBP/USD testing lows near 1.5580

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!