29 Apr 2014
Harder yards for GBP gains from here - RBS
FXStreet (Bali) - According to Paul Robson, Senior FX Strategist at RBS, the GBP/USD may find it harder to achieve further gains from current levels.
Key Quotes
"The hurdle for the market to bring forward its expected timing of the first BoE rate hike nearer than February next year is relatively high and that it may be harder yards for GBP gains from here."
"The first event risk this week is presented by tomorrow’s first estimate of UK Q1 GDP. We see downside risks to the market (0.9% qoq) and BoE (1.0%) expectations for Q1:14."
Key Quotes
"The hurdle for the market to bring forward its expected timing of the first BoE rate hike nearer than February next year is relatively high and that it may be harder yards for GBP gains from here."
"The first event risk this week is presented by tomorrow’s first estimate of UK Q1 GDP. We see downside risks to the market (0.9% qoq) and BoE (1.0%) expectations for Q1:14."