Flash: Stelring at crucial level – Societe Generale
FXstreet.com (Barcelona) – Kit Juckes, head of currency strategy at Societe Generale said sterling remains poised at crucial levels vs. the dollar.
“The BOE took a first step to normalise policy yesterday in the face of a strong housing market. The Funding for Lending Scheme will no longer see a subsidy for banks to lend for mortgages and personal loans”.
“This recognises the strength of the housing market and the long-term risks that can pose, and is a clear attempt to use ‘macro-prudential’ steps to reduce that risk, rather than be forced to raise rates earlier than planned. The pound likes …read more