FXstreet.com (Barcelona) - The Inflation Report, due out at 9.30GMT today, has potential to influence the near-term GBP outlook, says RBS strategy team. "While the MPC will not want to be backed into a corner on cutting the base rate ahead of an assessment of the FLS (Funding for Lending Scheme), there should be enough dovish sentiment to keep GBP under pressure" RBS notes.
Forex Flash: UK inflation report should keep GBP under pressure - RBS
Wed, Aug 08 2012, 04:04 GMT | FXstreet.com
GBP/USD May 21 at 06:38 GMT
1.5248/50 (-0.05%)
H1.5279 L 1.5221
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
