FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes the conditions around the UK’s recovery in relation to Sterling and the BoE.
"As is their wont, many seemed to over correct expectations for the first BOE rate hike. The swing from late 2015 to late this year seems to have been exaggerated."
"Price pressures are still easing in the UK and sterling's appreciation on a trade-weighted basis, has already tightened conditions. Wage growth is nearly non-existent. While enjoying robust growth, the UK economy no long appears to be accelerating."