13 Dec 2013
Flash: GBP/USD supported ahead of FOMC - Investec
FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that whilst jobless claims were disappointing yesterday, retail sales were stronger than expected, pushing GBP/USD lower as the USD made gains across the board.
Key Quotes
“However the currency pair still remains within 1% of 2013 highs, sterling is widely supported although its short term direction against the Dollar will be decided by events across the pond, with the FOMC meeting next week coming into sharp focus.”
“The Federal Reserve is not the only central bank playing an active role in driving foreign exchange markets, Reserve Bank of Australia governor Glenn Stevens spoke yesterday and his frankness, in suggesting he wants to see the AUD continue to weaken, had the desired effect. The AUD weakened 1.3% against the pound and 1.6% against the USD.”
Key Quotes
“However the currency pair still remains within 1% of 2013 highs, sterling is widely supported although its short term direction against the Dollar will be decided by events across the pond, with the FOMC meeting next week coming into sharp focus.”
“The Federal Reserve is not the only central bank playing an active role in driving foreign exchange markets, Reserve Bank of Australia governor Glenn Stevens spoke yesterday and his frankness, in suggesting he wants to see the AUD continue to weaken, had the desired effect. The AUD weakened 1.3% against the pound and 1.6% against the USD.”