Back
14 Aug 2014
Sterling may have further to fall - ANZ
FXStreet (Bali) - Brian Martin, FX Strategist at ANZ Research, notes that the Sterling may have further to fall in the near term.
Key Quotes
"Whilst the tone of the report was dovish and the BoE are clearly data watching, sterling is vulnerable in the short term. But on any signs of a re-acceleration in growth and pick-up in wages, expectations of a Q4
rate increase are likely to rise again, and with them sterling."
Key Quotes
"Whilst the tone of the report was dovish and the BoE are clearly data watching, sterling is vulnerable in the short term. But on any signs of a re-acceleration in growth and pick-up in wages, expectations of a Q4
rate increase are likely to rise again, and with them sterling."