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GBP, between Carney and Scotland – Scotiabank

FXStreet (Edinburgh) - Camilla Sutton, Chief FX Strategist at Scotiabank, reviews the prospects for the sterling.

Key Quotes

“We suggested yesterday that the risk from here is temporarily stabilization of the currency into the vote, followed by a drop to 1.5550 on a ‘yes’ vote and a retracement higher on a ‘no’ vote”.

“There were no data releases today but Governor Carney will appear before Parliament on the Inflation Report”.

“Yesterday the Governor reiterated the political stance that the currency union is incompatible with sovereignty; however today should be more focused on the evolution of inflation in the UK”.

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