GBP on Track for More Volatility
- The GBP has grown very sensitive to fundamental surprises
- Voting Member challenges rates cut
The GBP closed the week at almost the same value it started with against the USD amidst obvious disappointments in the UK economic data. A tight economic calendar in the following week could well have a profound effect on investor’s sentiment, the coming Bank of England interest rate decision which is due in the next two weeks further compounds the situation.…
