GBP will struggle in pro dollar environment - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that yesterday’s comments by Governor Carney provided a consistent tone suggesting that the point at which interest rates will rise is getting close.

Key Quotes:

“There is no preset course, the data is important to watch and once the BoE enters its hiking cycle it will be gradual and limited”.

“GBP will struggle to really rally in period of broad USD strength however we see GBP as one of the best positioned, particularly against currencies like EUR”.