Sterling may have further to fall - ANZ

By FXstreet.com | Updated August 13, 2014 AAA

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

Related Forex Analysis
  1. GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP
    Forex News

    GBP/USD to Break Out on Less-Dovish BoE, Weak U.S. 3Q GDP

  2. GBP/USD shifting through gears but now back into neutral
    Forex News

    GBP/USD shifting through gears but now back into neutral

  3. GBP/USD likely to be range-bound – FXStreet
    Forex News

    GBP/USD likely to be range-bound – FXStreet

  4. GBP/USD recovers ground but falters ahead of 1.57
    Forex News

    GBP/USD recovers ground but falters ahead of 1.57

  5. EUR/USD Breaks Channel from November Low, AUD/USD Skewed by PBoC
    Forex News

    EUR/USD Breaks Channel from November Low, AUD/USD Skewed by PBoC

Trading Center