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4 Jul 2013
Flash: Cautious on GBP - UBS
FXstreet.com (Córdoba) - Similar to the ECB, the Bank of England introduced some form of "forward guidance" , says the UBS analyst team.
The bank explained in a longer statement than usual that the rising gilt yields after the Fed meeting are not justified by the UK economic recovery. "We will have to wait for the minutes of this meeting to get further insights. We remain cautious on GBP and today's volatility proved us right to do so".
The bank explained in a longer statement than usual that the rising gilt yields after the Fed meeting are not justified by the UK economic recovery. "We will have to wait for the minutes of this meeting to get further insights. We remain cautious on GBP and today's volatility proved us right to do so".