GBP prospects are a little clearer? -Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that a year on from the Brexit referendum, GBP prospects are a little clearer.

Key Quotes:

"On the one hand, the government is still trying to shore up parliamentary support after the disastrous election just as Brexit talks are starting."

"On the other, today’s CBI survey data suggests that factory order books are at a 30-year high, reflecting strength across most sectors and for exports."

"A weak GBP is helping here—something BoE policy makers will have to balance as some fret about rising inflation."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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