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21 Feb 2014
Flash: Sterling is outperforming - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained that GBP is outperforming most of the primary currencies.
Key Quotes:
“GBP is outperforming most of the primary currencies despite a disappointing –1.5%m/m print in retail sales and partially supported by better than expected public finances data and M&A speculation."
"GBP/USD short‐term technicals: bullish with no warnings on the charts that GBP is vulnerable to near‐term downside. A long as today’s close is above the February 13th open of 1.6595; bullish signals are likely to remain in tact."
Key Quotes:
“GBP is outperforming most of the primary currencies despite a disappointing –1.5%m/m print in retail sales and partially supported by better than expected public finances data and M&A speculation."
"GBP/USD short‐term technicals: bullish with no warnings on the charts that GBP is vulnerable to near‐term downside. A long as today’s close is above the February 13th open of 1.6595; bullish signals are likely to remain in tact."