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19 Sep 2014
BoE expected to surely raise rates early 2015 - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that in a firm US dollar environment, the sterling opportunity may reside more on the crosses than against the greenback.
Key Quotes
"With the referendum out of the way, there is no reason not to expect the BOE to raise rates early next year, still likely before the Federal Reserve."
"The political uncertainty shrouding the referendum overshadowed, to some extent, the favorable macroeconomic considerations".
"The divergence theme, with the US and UK beginning to normalize monetary policy while the ECB and Bank of Japan are still with a heavy foot on monetary accommodation, is a key feature of the investment climate."
Key Quotes
"With the referendum out of the way, there is no reason not to expect the BOE to raise rates early next year, still likely before the Federal Reserve."
"The political uncertainty shrouding the referendum overshadowed, to some extent, the favorable macroeconomic considerations".
"The divergence theme, with the US and UK beginning to normalize monetary policy while the ECB and Bank of Japan are still with a heavy foot on monetary accommodation, is a key feature of the investment climate."