Sterling is not coming off - BBH

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman said there is no keeping sterling down.



Key Quotes



“The new high in the Nationwide house price index and a stronger than expected construction PMI have helped sterling extend its gains against both the dollar and euro."



"Sterling tested the $1.70 level on Monday and, with the help of today's data, pushed closer to $1.7180. For its part, the euro has slipped below last month's low and is now at its lowest level against sterling since September 2012."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: FX and Capital Markets Shaken by Strong NFPs

  2. Forex News

    British Pound Dangerously Close to Larger Breakdown

  3. Forex News

    GBP/USD has the worst week since 2010

  4. Forex News

    EUR/USD stabilizing near 1.0850

  5. Forex News

    EUR/USD points to 1.05 on a 12-m view - Rabobank

Trading Center