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27 Mar 2015
Pound remains in sell mode ahead of UK elections – Investec
FXStreet (Barcelona) - Jonathan Pryor, Head of FX dealing at Investec, comments that the Pound’s sell rally remains intact due to the uncertainty involving the upcoming elections in the UK.
Key Quotes
“The Pound also strengthened yesterday morning on stronger than expected Retail Sales numbers. After falling just short of 1.50 against the greenback, without further reason the Pound lost 1.5 cents, showing again the Pound remains in a sell rally mode, particularly with the uncertain and close run general election under 45 days away. The Sterling trade weighted index remains on the back-foot.”
Key Quotes
“The Pound also strengthened yesterday morning on stronger than expected Retail Sales numbers. After falling just short of 1.50 against the greenback, without further reason the Pound lost 1.5 cents, showing again the Pound remains in a sell rally mode, particularly with the uncertain and close run general election under 45 days away. The Sterling trade weighted index remains on the back-foot.”