News Headline Summary
GBP strength continues to be observed across the board, with GBP/USD tripping stops on the break of 1.6700 to print fresh high at 1.6706...
Analysis details (08:40)
- GBP remains supported by a weaker USD, which was initially driven by better than expected GDP reports by France, Germany and Netherlands.
- Touted M&A related flow - Vodafone/Verizon, also said to have been a contributing factor for the ascent.
- Short-sterling curve is also seen steeper (bear steepening).
14 Feb 2014 - 08:35
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