Forex − EUR/GBP, GBP/USD Flows − GBP slips ahead of the data
Tuesday, August 17, 2010
, Posted by Usman Ali Minhas at 3:20 AM
International Trading
GBP is on the back foot again ahead of the July inflation data, EUR/GBP testing yesterday's high, asking some questions of model fund shorts and also frustrating Cable offers at 1.5700. We doubt the modellers will be in a hurry to step out ahead of the data, especially given that the Inflation Report last week seemed to show the BoE MPC's mind is made up on interest rates already. PB
