18 Nov 2013
Flash: GBP going rising on central banks? – RBS
FXstreet.com (London) - RBS Global Banking and Markets team said they see Sterling rising.
Key Quotes:
“This week's minutes from the November MPC are expected to show that the decision to keep policy unchanged was unanimous. Overall, the MPC's policy stance appears to have entrenched around neutrality”.
“…however, the tone of Weale's comments towards the back end of last week may suggest that the minutes will show a greater degree of views than the market expects”.
“We believe that the recent out-performance of UK data and the apparent indifference of the BoE MPC to the associated tightening of monetary conditions will continue to play GBP positive”.
“With Fed Chairman-elect Yellen deciding not to throw a policy curve-ball last week and the discussion around the ECB inching towards Credit Easing, we see GBP/USD rising”.
Key Quotes:
“This week's minutes from the November MPC are expected to show that the decision to keep policy unchanged was unanimous. Overall, the MPC's policy stance appears to have entrenched around neutrality”.
“…however, the tone of Weale's comments towards the back end of last week may suggest that the minutes will show a greater degree of views than the market expects”.
“We believe that the recent out-performance of UK data and the apparent indifference of the BoE MPC to the associated tightening of monetary conditions will continue to play GBP positive”.
“With Fed Chairman-elect Yellen deciding not to throw a policy curve-ball last week and the discussion around the ECB inching towards Credit Easing, we see GBP/USD rising”.