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Why Sterling Could Outperform The Euro
Sterling could be set to outperform the Euro over the next few months, according to Nick Beecroft, the Chairman of Saxo Capital Markets. Nick thinks macro developments are going to influence foreign exchange trading to a much greater extent in the medium term. But while the pound is likely to do well against its main European counterpart, it's likely to struggle to keep pace with the US dollar as America's economic recovery gathers pace.
This all comes as Mark Carney starts his first week as Governor of the Bank of England. And he's facing some major challenges. He has to decide if and when QE will end as well as trying to keep the perilous British recovery on course. Nick believes the British economy is doing better than expected and more extensive bond buying by the central bank is unlikely.
01:04 minutes
Tags: bankofengland, boe, dollar, eur, euro, euro area, eurusd, forex, gbp, gbpusd, macro, pound, qe, saxo, saxo bank, saxo tv, saxobank, saxotv, sterling, tradingfloor.com, uk, video