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19 Sep 2013
Flash: GBP forecasts moved higher – UBS
FXstreet.com (Córdoba) - The UBS analyst team commented on the latest BoE minutes and its effect on the GBP, also contrasting with Fed actions.
Key Quotes
“On Wednesday morning, the Bank of England minutes have shown that the bank doesn't want to lean against higher rates or a stronger exchange rate. We do not expect any actions by the bank in coming months”.
“On the other hand, the ECB keeps a dovish stance and the US Fed has delayed tapering of asset purchases”.
“We move the GBPUSD forecast to 1.65 over all three forecast horizons. Also EURGBP and GBPCHF are moved to 0.81 and 1.52, respectively, over all three, six and twelve months”.
Key Quotes
“On Wednesday morning, the Bank of England minutes have shown that the bank doesn't want to lean against higher rates or a stronger exchange rate. We do not expect any actions by the bank in coming months”.
“On the other hand, the ECB keeps a dovish stance and the US Fed has delayed tapering of asset purchases”.
“We move the GBPUSD forecast to 1.65 over all three forecast horizons. Also EURGBP and GBPCHF are moved to 0.81 and 1.52, respectively, over all three, six and twelve months”.