Analysts at Scotiabank noted that the pound tumbled yesterday as the USD firmed broadly. Key Quotes: “PM May barely managed to push through her Brexit plans in parliament and has dropped sharply again this morning following weaker than expected inflation data – flat on the month in Jun versus +0.2% expected, for a 2.4% gain in the year (steady over the May reading but below expectations for a +2.6% print).” “BoE rate hike expectations have slipped modestly but markets continue to price in a roughly 80% chance of a rate hike on Aug 2nd. That may help limit weakness in the pound in the short run but we do not exclude the risk of a drop back to 1.28/1.29 near-term as economic and Brexit uncertainties persist. Former minister Johnson may use a resignation speech in parliament to twist the knife in PM’s Brexit approach.” 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 EUR/USD Technical Analysis: EUR/USD bullish surprise sees Euro above 1.1650 level FX Street 5 years Analysts at Scotiabank noted that the pound tumbled yesterday as the USD firmed broadly. Key Quotes: "PM May barely managed to push through her Brexit plans in parliament and has dropped sharply again this morning following weaker than expected inflation data - flat on the month in Jun versus +0.2% expected, for a 2.4% gain in the year (steady over the May reading but below expectations for a +2.6% print)." "BoE rate hike expectations have slipped modestly but markets continue to price in a roughly 80% chance of a rate hike on Aug 2nd. That may help limit weakness in… 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.
