19 Nov 2014
GBP/USD moves off 14-month lows – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that the GBP/USD pair moved off the 14-month lows after the release of less dovish than expected Bank of England (BOE) Minutes.
Key Quotes
“The pair moved from 1.5590 to test above 1.5650 as a result. There had been some speculation on markets that either Ian McCafferty or Martin Weale would climb down from voting for an immediate rise in rates.”
“EUR/USD remained in a corrective form following the stronger than expected German ZEW investor confidence yesterday and dealers suspected this would continue for the time being.”
“EUR/CHF currency cross continues to creep lower, the focus is now on any upcoming polls which help markets to put probabilities on a 'Yes' or 'No' vote”
Key Quotes
“The pair moved from 1.5590 to test above 1.5650 as a result. There had been some speculation on markets that either Ian McCafferty or Martin Weale would climb down from voting for an immediate rise in rates.”
“EUR/USD remained in a corrective form following the stronger than expected German ZEW investor confidence yesterday and dealers suspected this would continue for the time being.”
“EUR/CHF currency cross continues to creep lower, the focus is now on any upcoming polls which help markets to put probabilities on a 'Yes' or 'No' vote”