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Sterling under-performing - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Scotiabank, in respect of the UK and sterling, explained that Nationwide’s measure of house prices rose 0.8% in December, the biggest gains in eight months.

    Key Quotes:

    "The mortgage lender said strengthening growth and labour market trends will support further gains in the months ahead.

    UK bonds weakened on the data, lifting UK yields relative to the GBP’s major currency peers but the GBP remains a relative, if very marginal, under-performer versus the USD and EUR."
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