Cable bid in interbank trading - FXWW

FXStreet (Bali) - Sean Lee, Founder at FXWW, notes that GBP has seen solid demand in interbank trading after hawkish comments by BoE member Martin Weale over the weekend.

Key Quotes

"Bank of England Monetary Policy Committee member Martin Weale said Sunday he expects interest rates in the UK to rise quicker than financial markets are currently predicting."

"Cable has traded to highs near 1.5430 in early interbank trade after closing last week near 1.5390."