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A complicated outlook for Sterling - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank gave a few key pointers surrounding the pound.

Key Quotes:

"There is still a rare disconnect between UK‐US 2year bond yield spreads which have spiked up to 0.85% and the currency”.

“Complicating the sterling outlook is the approaching Scottish referendum on September 18th, where polls show a narrowing 6% lead by the ‘no’ side”.

“We do not expect any change at tomorrow’s BoE meeting, with rates on hold at 0.5% and the excitement to come from the September 17th minutes."

GBP/USD on the offer all day long

GBP/USD is trading at 1.6459, down -0.01% on the day, having posted a daily high at 1.6465 and low at 1.6454.
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USD/JPY at a pivotal point sub 105 handle

USD/JPY is trading at 104.85, up 0.06% on the day, having posted a daily high at 104.92 and low at 104.77.
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