20 Jun 2014
GBP/USD awaits Carney next week - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explains that next week’s highlight is likely to come with Governor Carney’s speech on financial stability.
Key Quotes:
"GBP is flat but still flirting with its highs and above 1.70. There were no fundamental releases or major developments”
"His time in Canada and role at the FSB, suggest that this is key area of focus for him and could have monetary policy implications. We expect near‐term upside pressure on GBP but a fading into year‐end."
"GBP/USD short‐term technicals: bullish, with all studies in buy territory (see chart). The RSI, at 69, still provides some upside room before reaching overbought levels. Support comes in at recent congestion at 1.6980; while resistance is the whole numbers of 1.7100 followed by 1.7200."
Key Quotes:
"GBP is flat but still flirting with its highs and above 1.70. There were no fundamental releases or major developments”
"His time in Canada and role at the FSB, suggest that this is key area of focus for him and could have monetary policy implications. We expect near‐term upside pressure on GBP but a fading into year‐end."
"GBP/USD short‐term technicals: bullish, with all studies in buy territory (see chart). The RSI, at 69, still provides some upside room before reaching overbought levels. Support comes in at recent congestion at 1.6980; while resistance is the whole numbers of 1.7100 followed by 1.7200."