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29 Jun 2015
GBP still preferred in the crosses – TDS
FXStreet (Edinburgh) - The perspective for the sterling remains positive in the crosses, suggested strategists at TD Securities.
Key Quotes
“The UK macro story has been steady as she goes”.
“The stabilization in oil markets and bottoming in inflation has seen some MPC members more willing to talk up the eventual tightening”.
“We continue to think the BoE starts to raise rates in Feb 2016 and see long odds that conditions will be in place as early as Nov. Inflation would need to surprise back above 1% y/y and see further strength in wages to even consider it”.
“With the election behind it, the GBP can focus on the rebound in domestic demand and the prospect of the BoE being close behind the Fed in terms of starting its own tightening cycle”.
“We like the GBP against a range of currencies over the next few quarters and we
Key Quotes
“The UK macro story has been steady as she goes”.
“The stabilization in oil markets and bottoming in inflation has seen some MPC members more willing to talk up the eventual tightening”.
“We continue to think the BoE starts to raise rates in Feb 2016 and see long odds that conditions will be in place as early as Nov. Inflation would need to surprise back above 1% y/y and see further strength in wages to even consider it”.
“With the election behind it, the GBP can focus on the rebound in domestic demand and the prospect of the BoE being close behind the Fed in terms of starting its own tightening cycle”.
“We like the GBP against a range of currencies over the next few quarters and we