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6 Aug 2013
Flash: Forward guidance to weigh on the pound – TD Securities
FXstreet.com (Barcelona) - Research teams at TD Securities are anticipating Carney's first inflation report tomorrow.
Key Quotes:
“The GBP is only modestly outperforming among the majors despite some strong industrial and manufacturing production figures earlier this morning”.
“The data is quite encouraging considering it’s the one of the first pieces of hard data to confirm the robust survey numbers lately”.
“Sterling’s gains have likely been tempered though by the forthcoming BoE Inflation Report (due tomorrow), where expectations are that the Bank will introduce forward guidance—a likely weight on the GBP”.
Key Quotes:
“The GBP is only modestly outperforming among the majors despite some strong industrial and manufacturing production figures earlier this morning”.
“The data is quite encouraging considering it’s the one of the first pieces of hard data to confirm the robust survey numbers lately”.
“Sterling’s gains have likely been tempered though by the forthcoming BoE Inflation Report (due tomorrow), where expectations are that the Bank will introduce forward guidance—a likely weight on the GBP”.