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13 Feb 2014
Flash: Pound to break on up again? - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the multi year highs are in sight for the Pound.
Key Quotes:
"GBP is strong, flirting with a test of its multi‐year high reached on January 24, 2014 of 1.6668".
"From a currency perspective, the BoE’s stronger growth profile and lower unemployment rate is somewhat offset by the low inflation profile. However as the BoE is expected to be the first of the G4 to increase interest rates the currency is well supported in the near‐term."
Key Quotes:
"GBP is strong, flirting with a test of its multi‐year high reached on January 24, 2014 of 1.6668".
"From a currency perspective, the BoE’s stronger growth profile and lower unemployment rate is somewhat offset by the low inflation profile. However as the BoE is expected to be the first of the G4 to increase interest rates the currency is well supported in the near‐term."