GBP/USD could test 1.4200 in the short-term – Westpac

The sterling could slip towards the 1.4200 handle in the next weeks, according to strategists at Westpac Robert Rennie and Imre Speizer.

Key Quotes

“Brexit risks and waning expectations for BOE tightening should continue to weigh on GBP/USD”.

“Global volatility and Brexit risks have contributed to a fl ip in market pricing for the BOE, from tightening this year to an overly pessimistic possibility of easing”.

“The 1.4670 level should cap GBP/USD during the next week or two, a test of 1.4200 looming”.

Feb 18, 2016

Further room for AUDUSD downside as jobs data disappoints - BNPP

Economists at BNP Paribas, suggests that the Australia’s January labour market report was on the soft side, with employment falling around 8k versus expectations for a 13k rise, driven by a decline in full time employment.

FOMC minutes: Fed considering lower rate path – Investec

Research Team at Investec, suggests that the FOMC minutes from the January meeting were released after the London close, and saw a muted reaction from markets.