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GBP will struggle in pro dollar environment - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that yesterday’s comments by Governor Carney provided a consistent tone suggesting that the point at which interest rates will rise is getting close.

Key Quotes:

“There is no preset course, the data is important to watch and once the BoE enters its hiking cycle it will be gradual and limited”.

GBP will struggle to really rally in period of broad USD strength however we see GBP as one of the best positioned, particularly against currencies like EUR”.

Fitch affirms Finland at 'AAA'; Finish GDP to contract 0.1% in 2014

Fitch Ratings affirmed Finland's sovereign rating at AAA with stable outlook according to a recent press release. "Finland's ratings are underpinned by a high-value-added economy, and strong political and social institutions. Finland's score on governance indicators is higher than even the 'AAA' peer median."
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Session recap: Dollar’s driving and GBP is shotgun

The US dollar has maintain the top spot in the FX Space with Sterling somewhere in it’s shadows leaving the rest of the G10’s trailing...
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