Back
6 Aug 2013
Flash: GBP/USD upside capped ahead of BoE – Investec
FXstreet.com (New York) - The GBP has not been shy about notching gains vs the EUR and USD to start the trading week, notes Jonathan Pryor, Corporate Treasurer at Investec.
Key quotes
“This week’s highlight will undoubtedly be the Quarterly Inflation Report due on Wednesday. It marks the new Governor’s first Inflation Report where the focus will be on the Committee’s accompanying assessment of forward guidance with the report expected to be soon followed by the its formal implementation.”
“With Friday’s construction PMI coming in way above expectations, yesterdays strong print points to the potential for GBP gains in the GBP/USD being capped.”
Key quotes
“This week’s highlight will undoubtedly be the Quarterly Inflation Report due on Wednesday. It marks the new Governor’s first Inflation Report where the focus will be on the Committee’s accompanying assessment of forward guidance with the report expected to be soon followed by the its formal implementation.”
“With Friday’s construction PMI coming in way above expectations, yesterdays strong print points to the potential for GBP gains in the GBP/USD being capped.”