21 Mar 2014
GBP is weak, but... - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the weakness of sterling.
Key Quotes
"GBP is weak but has faced a more limited response to yesterday’s Fed as the BoE is likely to be the first of the G4 central banks to increase rates; leaving GBP still better positioned than currencies associated with dovish central banks (ie: EUR and JPY). There was limited news flow today after yesterday’s slew of important releases."
Key Quotes
"GBP is weak but has faced a more limited response to yesterday’s Fed as the BoE is likely to be the first of the G4 central banks to increase rates; leaving GBP still better positioned than currencies associated with dovish central banks (ie: EUR and JPY). There was limited news flow today after yesterday’s slew of important releases."