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. Forex News

    GBP/USD drops to session low of 1.5376

  2. Forex News

    GBP/USD retesting 1.5400

  3. Investing

    GBP/USD Forex signal May 27, 2015

  4. Forex News

    GBP/USD: has the market topped? – Commerzbank

  5. Forex News

    GBP/USD off highs near 1.5420

Trading Center