In the outlook for the London foreign exchange market, attention is expected to focus on differences in remarks from senior BOE officials regarding the pound, while whether the euro can maintain its firmness is expected to be the key point.
Attention is focused on developments in the London market, with the pound expected to be influenced by differences in remarks from senior BOE officials. Market participants are closely scrutinising these remarks for clues about the interest-rate outlook and the direction of monetary policy. For the euro, whether it can maintain its relative firmness compared with other currencies is expected to be an important theme.
The focus this time is on developments in the pound and euro, the major foreign exchange currencies, and on differences in BOE officials’ remarks that influence them. The market is seen as being in a phase of assessing the direction of short-term price movements, depending on how upcoming comments from key officials and policy developments are reported.