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What next for the pound? - Investec

FXStreet (Barcelona) - According to the Analysts at Investec the FOMC minutes can heighten the volatility for the Pound and see it continuing its relief rally throughout the day.

Key Quotes

“Sterling may continue a relief rally throughout the day, especially with some US Dollar selling likely through position squaring, ahead of the day’s other major event, the minutes from the FOMC’s October meeting in the US.”

“The market will be looking at how the Fed are balancing their dual mandates of employment and inflation, as labour market conditions tighten, while falling energy prices and global disinflation persists.”

“One thing is for certain, the minutes from the meeting that marked the end of quantitative easing, could be a catalyst for heightened volatility after the London close today.”

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