Back
13 Mar 2014
Flash: GBP offering mixed signal- Scotiabank
FXStreet (Guatemala) - Eric Theoret, Currency Strategist at Scotiabank explained GBP/USD short-term technical are mixed.
Key Quotes:
“Signals are conflicted and as momentum indicators are contradictory and as GBP has climbed back above its short term MA’s."
"GBP strength has been observed in tandem with EUR, highlighting the impact of the broader market tone in the absence of domestic data. The late Wednesday release of the RICS house price growth measure showed moderation. Domestic focus turns to Friday’s trade and construction output data."
Key Quotes:
“Signals are conflicted and as momentum indicators are contradictory and as GBP has climbed back above its short term MA’s."
"GBP strength has been observed in tandem with EUR, highlighting the impact of the broader market tone in the absence of domestic data. The late Wednesday release of the RICS house price growth measure showed moderation. Domestic focus turns to Friday’s trade and construction output data."