FXMarketAlerts Team
FXMarketAlerts
Published at 07:14 (GMT) 20 Aug
Close, but not quite there as EUR/USD tests 1.3300 but is still just shy of that extra step to take out the November low. It might suggest that we are in for a long wait for the FOMC minutes for an obvious likely catalyst, but well before then we have the BoE minutes to look forward too when anything other than a 9-0 vote for unchanged rates could be what's needed to push EUR/GBP down through .8000 with any conviction. The press is full of stories ruling out a UK rate hike this year, a view with which we would not disagree, though the 2014/2015 divide has been very flexible of late. Despite the old rule that one number should not change a bigger picture view, a dissenting voter or two could well see that change back for some, though we doubt that it will for us. PB
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