Sterling losing momentum - Investec

By FXstreet.com | July 29, 2014 AAA

FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks the current vulnerability of the sterling.



Key Quotes



"Despite there being little out on the data front yesterday, GBPUSD continued its slow march lower following a minor dip in the optimism that had been shown by markets at the prospect of higher interest rates in the UK".



"Despite recent data continuing to indicate the UK economy is still a prosperous force to be reckoned with, the recent flurry of articles on housing bubbles seems to have done enough to dampen expectations of a rate rise this side of the new year."



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