15 Jul 2014
GBP this way and that way… - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the action around GBP today that took the pair in a number of directions before hitting todays high of 1.7192.
Key Quotes
"It made the lows against both the dollar and euro just before the second surprise, and ultimately the more important one".
"The June CPI was well above expectations and this sent sterling just through yesterday’s high near $1.7145”.
“Similarly, the euro is also posting an outside day against the sterling as it was driven through yesterday’s low by the CPI figures."
Key Quotes
"It made the lows against both the dollar and euro just before the second surprise, and ultimately the more important one".
"The June CPI was well above expectations and this sent sterling just through yesterday’s high near $1.7145”.
“Similarly, the euro is also posting an outside day against the sterling as it was driven through yesterday’s low by the CPI figures."