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GBP GAINS STALL AROUND 1.3150 – SCOTIABANK

Wulan Viana
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The Pound Sterling (GBP) is little changed on the day after rallying in late trade Thursday, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Short term chart suggests a top

“The August BoE/Ipsos inflation outlook survey anticipates inflation dipping to 2.7% in the next 12 months, down from 2.8% in July. This is the lowest reading in three years. Longer run inflation expectations crept a tenth higher to 3.2%, so the Bank still has some work to anchor longer run price expectations.”


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