Forex focus: Central banks shy of pulling the trigger too early

“The timing of the first US rate hike has become a market obsession in recent months and GBP/USD right now is singularly reliant on to what extent the UK will lag the US,” said Richard de Meo of Foenix Partners (foenixpartners.com). “Current positioning points to a US rate rise in September as well as a rise in the UK’s benchmark rate around mid-2016.

Richard de Meo quoted in The Telegraph

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