13 Jul 2017
GBP/USD up in response to shifting central bank policy - Scotiabank
GBP is up vs the USD and also trading in response to shifting central bank policy risks.
Key Quotes:
"GBP is up following media comments from BoE MPC hawk McCafferty as he communicated a desire to begin unwinding QE sooner than currently anticipated.
Domestically, focus is on the ‘great repeal’ bill and adjustments to British law in preparation for the UK’s exit from the EU. In terms of data, there are no high-level releases scheduled ahead of next Tuesday’s."