OctaFX | OctaFX Forex Broker
Open trading account

GBP: Weakness persists - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo Mitsubishi explained that the rhetoric from BOE MPC members has suggested no real shift in the policy stance.

Key Quotes:

"Ben Broadbent yesterday stated that he was not “on the brink” of raising rates Still, we are a little surprised with the degree of pound weakness versus the euro in particular and we have not seen any rhetoric that is inconsistent with the view that a rate increase could come soon after a Dec move from the FOMC.

From a 2- year spread perspective, EUR/GBP has been helped by a fall in the UK swap rate but we would not be surprised to see that fall in 2-year yields reverse quickly."

US Sep Non-Farm Payrolls coming up - TDS

Analysts at TD Securities noted next week's Nonfarm Payrolls as the key even.
Read more Previous

AUD/NZD worst week since early August, still above 1.1000

AUD/NZD fell on Friday for the fourth day in a row and extended weekly losses. The pair about to end the week at 1.1010/20, more than 200 pips the level it had five days ago.
Read more Next
Start livechat