18 Feb 2014
Flash: GBP/USD focused on plethora of market sensitive data - UOB Group
FXStreet (Barcelona) - Lee Sue Ann, Market Strategist at UOB Group notes that the bullish sentiment surrounding the GBP/USD gathered pace at the start of the week.
Key Quotes
“The pair, which (was) seen around the 1.6800-figure rallied following the BoE Inflation Report. This Wednesday’s release of the minutes of the February BoE MPC meeting will be closely watched.”
“We expect the minutes to echo similar views expressed at the Inflation Report press conference, with Governor Mark Carney likely to sound increasingly hawkish over the coming months amid the growing threat of an asset-bubble in the UK.”
“There is also a plethora of market-sensitive economic indicators this week, including CPI data on Tuesday, the latest employment report on Wednesday and retail sales on Thursday.”
Key Quotes
“The pair, which (was) seen around the 1.6800-figure rallied following the BoE Inflation Report. This Wednesday’s release of the minutes of the February BoE MPC meeting will be closely watched.”
“We expect the minutes to echo similar views expressed at the Inflation Report press conference, with Governor Mark Carney likely to sound increasingly hawkish over the coming months amid the growing threat of an asset-bubble in the UK.”
“There is also a plethora of market-sensitive economic indicators this week, including CPI data on Tuesday, the latest employment report on Wednesday and retail sales on Thursday.”