16 Oct 2013
Flash: What’s the out look for the pound? Rabobank
FXstreet.com (London) - Jane Foley, Senior Currency Strategist at Rabobank said, “The outlook for cable over the coming months is, of course, impacted by the USD”.
Key Quotes:
“Given the risk that Fed tapering of its QE could be delayed into next year we stand ready to revise lower our USD forecasts across the board”.
“We thus see the potential for any negative UK data shocks to be played out in EUR/GBP. That said, on a 3 to 6 mth view the risk that the ECB could be still working to keep Eurozone market rates down should allow sterling to recover lost ground”.
Key Quotes:
“Given the risk that Fed tapering of its QE could be delayed into next year we stand ready to revise lower our USD forecasts across the board”.
“We thus see the potential for any negative UK data shocks to be played out in EUR/GBP. That said, on a 3 to 6 mth view the risk that the ECB could be still working to keep Eurozone market rates down should allow sterling to recover lost ground”.