Shaun Osborne, Chief FX Strategist at Scotiabank explained that cable’s rally in quiet trade Monday has been sustained, with the pound holding near its highest level in a week as our trading session gets going.
Key Quotes:
“The BoE has, however, been talking cautiously about the outlook with regard to Brexit risks; the central bank said banks should start to build capital reserves earmarked for supporting lending when the economy turns lower, noting that the referendum on June 23rd heightened financial stability risks.”
(Market News Provided by FXstreet)
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