GBP Trading Outlook (08-02-2013)
The Sterling (GBP) reacted positively to new BOE Governor Carney comments that he will be looking to create an exit plan for the BOE’s recent Asset Purchases which surprised the market given expectations of a more dovish tone. He rejected the FED model of unlimited printing of money and was very candid in his expectation of the tough road ahead for the UK economy. Confidence seemed to be restored in the Pound and gains were strong especially against the Euro. Looking ahead, German December Trade Balance forecast at 14.8bn vs. 14.6bn previously.
Back to GBP Trading Outlook Archive
