23 Jul 2013
Flash: GBP dyes GDP figures later this week in UK – Investec
FXstreet.com (New York) - Corporate Treasury Lee McDarby at Investec postulates the weekly outlook of the GBP in relation to UK data.
Key quotes
“The GBP seems to have awoken from a great weekend of sporting achievement in a slightly sleepy mood this morning. Despite the impending shakeup, the start of which could be heard yesterday London, there is little to light sterling up until Thursday this week when we see the first all-important GDP figure of Mark Carney’s new reign as the Governor of the Bank of England.
“This release can have an impact on the Canadian’s next steps within the hallowed corridors of Threadneedle Street. The number is the first estimate and is forecast to come in much firmer for the second quarter of the year as the pace of growth picks up in the UK.”
Key quotes
“The GBP seems to have awoken from a great weekend of sporting achievement in a slightly sleepy mood this morning. Despite the impending shakeup, the start of which could be heard yesterday London, there is little to light sterling up until Thursday this week when we see the first all-important GDP figure of Mark Carney’s new reign as the Governor of the Bank of England.
“This release can have an impact on the Canadian’s next steps within the hallowed corridors of Threadneedle Street. The number is the first estimate and is forecast to come in much firmer for the second quarter of the year as the pace of growth picks up in the UK.”