GBP/USD: shaped by the market’s confidence in the BoE delivering an Aug rate hike - Scotiabank
|Analysts at Scotiabank explained that conditions surrounding the pound today.
Key Quotes:
"The RICS house price index rose posted a gain of 2, a little firmer than expectations of a –4 outcome, although the broader trend in UK house prices remains very soft."
"The GBP’s near-term prospects will be shaped by the market’s confidence in the BoE delivering an Aug rate hike (strong currently, with a 25bps hike 80% priced in) and next week’s parliamentary debate on the government’s Brexit proposal, which might give some indication of the risks facing PM May’s leadership later this year."
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.