In Monday's are not too many events, event the most attention is the minutes published by the Bank of England (BoE) and the Federal Reserve during the day Wednesday, as well as a symposium in Jackson Hole begins on Monday years.
Spotlight is an interview with the Governor of the Bank of England, Carney on Sunday Times, in which he said that the bank may raise interest rates before the actual wage growth recovery. Although GBP opened the session with a gap higher than the reciprocal of its currency, but later it was trading almost flat in the morning session in Europe.
I think there may be more people selling the currency at around 1.70, people may decide to take profits, or those who are looking to buy a new slate floor, to help this recovery only lead longer, but obviously not (unless they all live in New York and entered the market late this afternoon). The absence of the assertion of the market in today's trading day in Europe suggests that any short-term rebound in the GBP just wave and is adjusted new sales opportunities. Weak economic data recently published from the UK and the expectation that inflation is slowing somewhat in July supports our opinion that the recent downward trend will continue.
Spotlight is an interview with the Governor of the Bank of England, Carney on Sunday Times, in which he said that the bank may raise interest rates before the actual wage growth recovery. Although GBP opened the session with a gap higher than the reciprocal of its currency, but later it was trading almost flat in the morning session in Europe.
I think there may be more people selling the currency at around 1.70, people may decide to take profits, or those who are looking to buy a new slate floor, to help this recovery only lead longer, but obviously not (unless they all live in New York and entered the market late this afternoon). The absence of the assertion of the market in today's trading day in Europe suggests that any short-term rebound in the GBP just wave and is adjusted new sales opportunities. Weak economic data recently published from the UK and the expectation that inflation is slowing somewhat in July supports our opinion that the recent downward trend will continue.