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22 Apr 2014
GBP/USD expected to range-bound - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, sees the GBP/USD range-trading in the upcoming sessions.
Key Quotes
"Looking ahead to the rest of this week in the UK, we have the minutes from this month’s interest rate announcement tomorrow morning and retail sales numbers on Friday morning".
"Across the pond it looks very quiet with housing data being the main event, beginning with Existing Home Sales this afternoon".
"The Investec trading desk believe that GBPUSD and GBPEUR are likely to remain range-bound in the current environment but are remaining sensitive to breaks above 1.6870 and 1.2240 in GBPUSD and GBPEUR respectively, to potentially trigger the next leg of the pound rally."
Key Quotes
"Looking ahead to the rest of this week in the UK, we have the minutes from this month’s interest rate announcement tomorrow morning and retail sales numbers on Friday morning".
"Across the pond it looks very quiet with housing data being the main event, beginning with Existing Home Sales this afternoon".
"The Investec trading desk believe that GBPUSD and GBPEUR are likely to remain range-bound in the current environment but are remaining sensitive to breaks above 1.6870 and 1.2240 in GBPUSD and GBPEUR respectively, to potentially trigger the next leg of the pound rally."