0826 GMT [Dow Jones]--GBP/USD climbs to a fresh 1-week high of 1.6889 and EUR/GBP drops to a fresh 16-month low of 0.8119 in the run-up to the morning's UK risk events at 0830 GMT. The BoE MPC's May meeting minutes are expected to show an unchanged 9-0 voting pattern for rates and QE on hold, but there is some speculation of hawkish commentary. April retail sales are forecast to rise by 0.4% on the month after March's disappointing 0.1% gain, but rising house prices and falling unemployment has encouraged some in the market to look for a print closer to 1%. Next GBP/USD resistance is 1.6895, EUR/GBP has support at 0.8105. gary.stride@wsj.com
Contact us in London. +44-20-7842-9464
Markettalk.eu@dowjones.com
(END) Dow Jones Newswires
May 21, 2014 04:26 ET (08:26 GMT)
0 Response to "Sterling Perky Ahead of BoE Minutes, Retail Sales"
Thanks for give comment.