14 Sep 2015
GBP/USD is all about Fed risk - Scotia
FXStreet (Guatemala) - Eric Theoret, CFA, CMT Currency Strategist at Scotiabank noted that GBP is quiet, consolidating around 1.5450.
Key Quotes:
"Haldane has recently maintained a relatively dovish bias, providing for downside GBP risk as we consider the contrast to last Friday’s relatively hawkish speech from MPC member Forbes and weekend comments from MPC member Weale."
"Fed risk this week is important for GBP as market participants the path for the BoE and risk of a delay in the event of a Fed hold, given that BoE policymakers have maintained a considerable focus on the disinflationary influence of recent strength in the exchange rate."
Key Quotes:
"Haldane has recently maintained a relatively dovish bias, providing for downside GBP risk as we consider the contrast to last Friday’s relatively hawkish speech from MPC member Forbes and weekend comments from MPC member Weale."
"Fed risk this week is important for GBP as market participants the path for the BoE and risk of a delay in the event of a Fed hold, given that BoE policymakers have maintained a considerable focus on the disinflationary influence of recent strength in the exchange rate."