Sam Shenker Commentary
British Pound May Rebound But Trend Bias Favors Losses
The British Pound is set to fall in with broad trends in risk sentiment as the economic calendar fades from view after the Bank of England firmly confirmed a dovish medium-term posture in its quarterly inflation report. British Pound At Risk
A week of major event risk should continue to generate pound volatility highlighted by the release of the Bank of England minutes from its January policy meeting. British Pound Breaks Out Ahead Of BoE Minutes
The final 3Q GDP reading is expected to show a 0.1% contract amid an initial forecast for a 0.3% drop in the growth rate, and the data is likely to encourage an improved outlook for the region as policy makers see the economy emerging from the worst recession since the post-war period. British Pound Looks Forward To Week Of Considerable Volatility
Recent doubts on outlook for UK debt ratings are likely to continue through the medium to long term, as large budget deficits and a fast-growing national debt have forced rating agencies to question whether major world governments’ debt truly deserves risk-free status.
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