GBP/USD: data ignored, all about BoE and Brexit - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that the UK net government borrowing data was a little worse than expected (GBP1.3bn) in Mar, versus market expectations for a modest net repayment.

Key Quotes:

"For the fiscal year overall, however, the government books were balanced for the first time since 2002."

"CBI industrial trends survey data revealed steadier order books in April (4, unchanged from Mar)."

"Data reports are unlikely to have too much influence on the pound, with investors focused on the BoE policy debate ahead of the May 10th BoE decision and the Government’s attempts to advance its Brexit 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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