GBP vulnerable to the greenback - Scotiabank

FXStreet (Guatemala) - Eric Theoret, CFA, CMT Currency Strategist at Scotiabank explained that GBP is notably weak, and under-performing.

Key Quotes:

"Recent weakness has been largely driven by shifting expectations for the relative policy outlook, specifically a divergence between the tentatively hawkish BoE and steady Fed."

"Wednesday’s GDP disappointment has proved to be an added weight."

"Vulnerability for GBP lies on the U.S. side, specifically the 2Y yield and its potential for a rise back toward the highs from March."