FXStreet (Edinburgh) – The research team at BBH remarked the positive tone of the sterling as of late, reinforced today after the BoE minutes.
Key Quotes
“Sterling underperformed yesterday but is back in the driver’s seat today”.
“It is the strongest of the major currencies, gaining around 0.4% against the dollar”.
“A base is seen now near $1.5530. The upper end of the consolidative range is seen in the $1.5670 area”.
“Sterling was bolstered by the minutes from the recent MPC meeting. Many suspect it will be the last time that there was a 9-0 vote for standing pat”.
“The tone of the minutes indicates that more than a couple MPC members see the call as finely balanced, especially if the risks emanating from Greece are reduced”.
(Market News Provided by FXstreet)