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17 Jun 2013
Flash: GBP at 4 month highs - BHH
FXstreet.com (London) - BBH Global Currency Strategy Team have noted that the Sterling is trading near four-month highs.
They said that there will be reports inflation figures this week as well as retail sales and they are both expected to tick up. They explain that CPI has been trending lower since late 2011, but is sticky in the 2.2%-2.7% range. The team suggests that retail sales have been soft, declining five of the last seven months and three of the last four. They note that minutes from the MPC meeting early this month will be released, but said that given that Carney takes the reins in a couple of weeks, this probably denies the minutes of having much market impact.
They said that there will be reports inflation figures this week as well as retail sales and they are both expected to tick up. They explain that CPI has been trending lower since late 2011, but is sticky in the 2.2%-2.7% range. The team suggests that retail sales have been soft, declining five of the last seven months and three of the last four. They note that minutes from the MPC meeting early this month will be released, but said that given that Carney takes the reins in a couple of weeks, this probably denies the minutes of having much market impact.