FXstreet.com (London) – Strategists at RBS noted the focus for GBP/USD is the debate around Fed Tapering/Toughened Forward Guidance.
“The USD is stronger against the commodity currencies, but weak against EUR and GBP. This is what happened the last time tapering was on the table. While the USD may do better versus EM, GBP/USD is expected to remain supported”
“We sense increased jitters around a December FOMC tapering”.
“While payrolls will likely ultimately decide, this week may see some pre-positioning”.