Saxo Group Videos

Staines: There are 'great opportunities' in sterling

EURGBP rose to a five month high in early trading this Tuesday after data showed the UK slipped back into deflation in September. At one stage the pair hit 0.7493, just below a key psychological level of 0.75. However, Neil Staines, the ECU Group’s Head of Trading and Execution suggests such levels are overdone and he’s more positive about sterling’s prospects in the medium term.

Indeed, the euro lost ground later in the session after disappointing data from Germany; notably the ZEW survey indicated business sentiment fell more than expected. Neil looks at the prospects for sterling and considers when the UK might start raising interest rates as exceptions, both in London and the US, are pushed back still further.

02:18 minutes
Tags: GBP, aud, bank of england, cable, cad, cadusd, canadian dollar, carney, commodities, content, ecu, ecu neil staines, england, equities, eur, eurgbp, euro, euro sterling, europe, eurozone, foreign exchange, forex, fx, fx crosses, fx forex, fx forexfx, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, gbp usd, gbpaud, gbpcad, gbpeur, gbpusd, gbpusd trade idea, german, germany, inflation, inflation rate, interest rates, news, owen thomas, pound, pound dollar, pound euro, pound sterling, saxo, saxo bank, saxo tv, saxo tv trading floor, short covering, staines, sterling, sterling dollar, sterling forex, the ecu group, trades, trading, tradingfloor.com, uk, uk economy, uk inflation, uk inflation rates, uk inflation report, uk recovery, united king, united kingdom, video, video content, video news, zero, zero growth, zew, zew index

Switch to