21 May 2015
Sterling is outperforming on hawks back to the table - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank noted that GBP is strong.
Key Quotes:
"Outperforming on the back of stronger retail sales as it fully retraces the post-CPI decline from Tuesday."
"BoE MPC changes are significant and will likely shift the bias toward a more hawkish stance following the reappointment of hawk McCafferty who called for rate hikes from Aug-Dec 2014."
"MPC member Miles has not been reappointed. Miles had been an advocate of a more aggressive QE stance in the 2012-2013 period."
Key Quotes:
"Outperforming on the back of stronger retail sales as it fully retraces the post-CPI decline from Tuesday."
"BoE MPC changes are significant and will likely shift the bias toward a more hawkish stance following the reappointment of hawk McCafferty who called for rate hikes from Aug-Dec 2014."
"MPC member Miles has not been reappointed. Miles had been an advocate of a more aggressive QE stance in the 2012-2013 period."