While GBP/USD has turned offered on the back of strong US data, (US Dollar jumps to fresh highs near 94.50), analysts at Scotiabank explained that the pound was extending Monday’s modest gains earlier and climbing to the mid/upper-1.31 area on the back of a firming in domestic rate expectations ahead of Thursday’s BoE. Key Quotes: “Market participants are pricing a 90% chance of a hike on August 2nd and a slightly tighter path for 2019, delivering a GBP-supportive narrowing in interest rate differentials.” “Measures of sentiment remain conflicted however, reflecting lingering Brexit concerns with a clear divergence in risk reversals around the 6 month horizon.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Break above 0.7455 could strengthen the bullish perspective FX Street 5 years While GBP/USD has turned offered on the back of strong US data, (US Dollar jumps to fresh highs near 94.50), analysts at Scotiabank explained that the pound was extending Monday's modest gains earlier and climbing to the mid/upper-1.31 area on the back of a firming in domestic rate expectations ahead of Thursday's BoE. Key Quotes: "Market participants are pricing a 90% chance of a hike on August 2nd and a slightly tighter path for 2019, delivering a GBP-supportive narrowing in interest rate differentials." "Measures of sentiment remain conflicted however, reflecting lingering Brexit concerns with a clear divergence in risk… 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.
