The British Pound is trading above 1.3000 but still remains under a lot of pressure. Did it suffer too much? Here is their view, courtesy of eFXdata: Barclays Research discusses GBP outlook and argues that while GBP remains susceptible to headline risk but a lot of negativity is already priced. “Despite the softness in June inflation and weaker retail sales, markets expectations for an August rate hike remain broadly unchanged. We think price pressures coming from renewed momentum in input prices should continue to support inflation at or slightly above the BoE’s target, likely justifying a hike at the August MPC. On the political front, we think a lot of the negativity is already reflected in sterling, with scope for some risk premium to be taken out as parliament heads for summer recess,” Barclays adds. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Forex Today: Antipodeans slip on Yuan sell-off, Eurozone PMIs in focus FX Street 5 years The British Pound is trading above 1.3000 but still remains under a lot of pressure. Did it suffer too much? Here is their view, courtesy of eFXdata: Barclays Research discusses GBP outlook and argues that while GBP remains susceptible to headline risk but a lot of negativity is already priced. "Despite the softness in June inflation and weaker retail sales, markets expectations for an August rate hike remain broadly unchanged. We think price pressures coming from renewed momentum in input prices should continue to support inflation at or slightly above the BoE's target, likely justifying a hike at the August… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
