13 Feb 2014
Flash: Pressure building for further GBP gains - RBS
FXStreet (Bali) - Gains in the Sterling will be harder to come by, notes Greg Gibbs, FX Trading Strategist at RBS.
Key Quotes
"Notwithstanding the jump in GBP post BoE inflation report, we see pressure building for further gains."
"The market may be reluctant to buy at the top of its recent range, but may be left scrambling if it breaks through."
"The recent strong UK data and outlook from the BoE suggest it is moving closer to hike than other central banks, albeit trying to keep rate hike expectations in check."
Key Quotes
"Notwithstanding the jump in GBP post BoE inflation report, we see pressure building for further gains."
"The market may be reluctant to buy at the top of its recent range, but may be left scrambling if it breaks through."
"The recent strong UK data and outlook from the BoE suggest it is moving closer to hike than other central banks, albeit trying to keep rate hike expectations in check."