7 Apr 2014
GBP/USD techs point to a mixed outlook - Scotiabank
FXStreet (Barcelona) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank, notes the mixed stance from the short-term technicals in GBP/USD.
Key Quotes
"GBP is flat to Friday’s close, trading at its 50‐day MA of 1.6587. The BoE meets on Thursday, but is unlikely to shift policy, leaving the FX associated risks relatively muted. There was limited data today, with this week’s focus industrial and manufacturing production, the trade balance and housing data."
"GBPUSD short‐term technicals: mixed with technicals suggesting there is no real evidence of a trend nor is there strong pressure in either direction."
Key Quotes
"GBP is flat to Friday’s close, trading at its 50‐day MA of 1.6587. The BoE meets on Thursday, but is unlikely to shift policy, leaving the FX associated risks relatively muted. There was limited data today, with this week’s focus industrial and manufacturing production, the trade balance and housing data."
"GBPUSD short‐term technicals: mixed with technicals suggesting there is no real evidence of a trend nor is there strong pressure in either direction."