GBP/USD and EUR/GBP: the focus is on Central Bank policy - Scotiabank

Ross J Burland FXStreet

Consolidating its recent rally to fresh post-Brexit highs above 1.38, analysts at Scotiabank noted that there have been no fundamental releases and comments from the BoE’s Saunders have been constructive.

Key Quotes:

"RICS house price data will be released after the NA session at 7pm ET, and retail sales are scheduled for release on Thursday. The near-term balance of risk may favor EUR/GBP weakness on the back of a shift in the outlook for relative central bank policy."

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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