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4 Mar 2014
Flash: GBP weak on geopolitical risks - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank "GBP is weak on the back of geopolitical risk. PMI manufacturing rose to 56.9, surpassing estimates of 56.8 and providing some reassurance to market participants.
Key Quotes
"This week’s focus, the BoE is likely to prove a non‐event with interest rates and the asset purchase program on hold at 0.5% and £375bn, respectively. We hold a GBP year‐end forecast of 1.64."
"GBP/USD short‐term technicals: bullish all studies are clinging to buy signals; but so far no clear sell signals have been generated."
Key Quotes
"This week’s focus, the BoE is likely to prove a non‐event with interest rates and the asset purchase program on hold at 0.5% and £375bn, respectively. We hold a GBP year‐end forecast of 1.64."
"GBP/USD short‐term technicals: bullish all studies are clinging to buy signals; but so far no clear sell signals have been generated."