14 Apr 2014
GBP/USD troubled around 1.6800 - UOB Group
FXStreet (Barcelona) - Lee Sue Ann, Market Strategist at UOB Group comments that tracking the EUR, GBP/USD found trouble holding above the 1.6800-mark.
Key Quotes
“The week ahead sees a raft of market-sensitive data which could provide fresh catalysts for the GBP/USD. Tuesday’s CPI report should reveal another fall in the annual CPI inflation rate, moving it further below its 2.0% target.”
“This is followed by Wednesday’s updated labour market statistics, which could also see the ILO-based unemployment rate moving lower to its EFPG threshold of 7.0%.”
“This could generate positive momentum in the GBP/USD as the economic recovery in the UK gathers pace, and the BoE comes under further pressure to normalize monetary policy sooner rather than later.”
Key Quotes
“The week ahead sees a raft of market-sensitive data which could provide fresh catalysts for the GBP/USD. Tuesday’s CPI report should reveal another fall in the annual CPI inflation rate, moving it further below its 2.0% target.”
“This is followed by Wednesday’s updated labour market statistics, which could also see the ILO-based unemployment rate moving lower to its EFPG threshold of 7.0%.”
“This could generate positive momentum in the GBP/USD as the economic recovery in the UK gathers pace, and the BoE comes under further pressure to normalize monetary policy sooner rather than later.”