6 Apr 2015
GBP/USD higher, but near-term bearish bias - Scotiabank
FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, maintains a bearish bias for GBP/USD in the near-term into the UK elections.
Key Quotes
“GBP is up 0.2%, as the U.K. is closed for holidays. This week there are several important data releases including services PMI, trade, industrial production and housing and we do not expect any change from the BoE on Thursday.”
“The core near‐term driver for GBP is expected to be developments in election, with the uncertainty around it likely to weigh heavily on GBP.”
“For near‐term traders we remain biased to be short leading into the election.”
Key Quotes
“GBP is up 0.2%, as the U.K. is closed for holidays. This week there are several important data releases including services PMI, trade, industrial production and housing and we do not expect any change from the BoE on Thursday.”
“The core near‐term driver for GBP is expected to be developments in election, with the uncertainty around it likely to weigh heavily on GBP.”
“For near‐term traders we remain biased to be short leading into the election.”