FXStreet (Guatemala) – Analysts at Rabobank noted the improvements in the conditions for Sterling bulls.
Key Quotes:
“After the SEK, GBP is the next best performing major currency this month. Sterling appears to have benefited from some safe haven inflow on the back of the Greek debt difficulties. “
“Additionally, the market has become more anxious that a Bank of England rate hike could be announced sooner than had been expected. ”
“We are skeptical about this reasoning.”
“That said, we maintain our long-held view that EUR/GBP we continue to edge lower even though we expect cable to give up ground during the latter part of this year.”
(Market News Provided by FXstreet)