FXStreet (Bali) - Brian Martin, FX Strategist at ANZ Research, notes that the Sterling may have further to fall in the near term.



Key Quotes



"Whilst the tone of the report was dovish and the BoE are clearly data watching, sterling is vulnerable in the short term. But on any signs of a re-acceleration in growth and pick-up in wages, expectations of a Q4
rate increase are likely to rise again, and with them sterling."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD Fails Shy of Well-Defined 1.5700 Level

  2. Forex News

    GBP/USD trades back above 1.5600

  3. Forex News

    GBP/USD falls to fresh lows sub-1.5600

  4. Forex News

    Dollar Forecast Improves, Indicator Shows it May Rally Across the Board

  5. Forex News

    British Pound Remains a Sell until we see this Change

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!