Thursday, October 15, 2015

GBP/USD headed to 1.5500 - Scotiabank

FXStreet (Guatemala) - Shaun Osborne Chief FX Strategist at Scotiabank explained that UK unemployment rate dropped to 5.4% in August, the lowest rate since the financial crisis in 2008, giving investors a little more confidence about the domestic outlook and boosting the GBP broadly.

Key Quotes:

We think UK policy makers are liable to remain cautious on the outlook for rates given the uncertainty prevailing over the Fed outlook; we feel the BoE will not feel very comfortable tightening policy before the Fed."

"1.5390/1.5410, gains through here should see the GBP advance quickly towards 1.55."
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