28 Apr 2014
GBP/USD comfortable above 1.68 - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, notes the better outlook for the UK economy to push GBP/USD higher.
Key Quotes
"More encouraging news for the UK economy came when employers organisation the CBI announced the prospects for the UK economy over the coming months were exceptionally strong, with growth expectations at their highest level since the CBI started collecting data in 2003".
"The report showed strong levels of growth in the retail and services sector which is reflected in the Retail Sales figures".
"Overall the combination of good news and feel good factor still leaves GBPUSD above the 1.68 level."
Key Quotes
"More encouraging news for the UK economy came when employers organisation the CBI announced the prospects for the UK economy over the coming months were exceptionally strong, with growth expectations at their highest level since the CBI started collecting data in 2003".
"The report showed strong levels of growth in the retail and services sector which is reflected in the Retail Sales figures".
"Overall the combination of good news and feel good factor still leaves GBPUSD above the 1.68 level."