Sterling struggles to find momentum - Investec

FXStreet (Barcelona) - Jonathan Pryor, head of FX dealing at InvestecCorporate and Institutional Treasury comments on the impact of the UK wage and inflation data on sterling today.

Key Quote

"Despite the pick-up in UK wage inflation, Sterling has struggled to find momentum after Mark Carney pointed towards the first interest rate hike being closer to next Christmas than the coming one in his quarterly inflation report. In an amazing turnaround since the spring, this leaves investors beginning to search high and low as to why they should hold sterling assets.”