GBP is steady and outperforming on crosses – Scotiabank
|The Pound Sterling (GBO) is steady and entering Thursday’s NA session with a marginal gain as it outperforms nearly all of the G10 currencies in overall quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP is steady ahead of key BoE speeches
"Focus is on the BoE ahead of a pair of key speeches from MPC members Dhingra and Mann. Recent comments from Mann have leaned hawkish with a focus on upside risks to inflation while Dhingra’s comments leaned dovish highlighting growth concerns and the persistent undershooting of UK consumption relative to forecasts."
"Fundamental releases have been limited to disappointing second-tier CBI business sentiment data. This week’s highlight remains Friday’s retail sales and preliminary PMI’s."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.