5 Mar 2014
Flash: Risk aversion fading, GBP/USD benefitting - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank said GBP is up 0.1% benefiting from a general weakening of the USD as risk aversion fades.
Key Quotes
“Fundamentally, construction PMI is still well in expansionary territory but disappointed expectations, falling to 62.6. Thursday’s BoE meeting is likely to prove a non‐event for the currency."
"GBP/USD short‐term technicals: bullish but have faded as spot has been trading in a relatively tight range over the last several weeks. The MACD is flirting with a sell signal."
Key Quotes
“Fundamentally, construction PMI is still well in expansionary territory but disappointed expectations, falling to 62.6. Thursday’s BoE meeting is likely to prove a non‐event for the currency."
"GBP/USD short‐term technicals: bullish but have faded as spot has been trading in a relatively tight range over the last several weeks. The MACD is flirting with a sell signal."