No news is good news for GBP – Audrey Childe-Freeman on WSJ

Nov 14th 2017 – The pound falls to a three-week low against the euro after the U.K.’s October annual inflation came in marginally below expectations, albeit remaining at a high 3.0%, while strong eurozone data boost the euro. Audrey Childe-Freeman, founder and chief strategist at FX Knowledge, says the pound’s falls show how negative sentiment toward the currency is. “U.K. data could have come in any shape or form and the price action would have been bearish sterling,” Childe-Freeman said. Trading sterling is “all about Brexit,” while investors tend to consider November’s Bank of England rate rise was “just a one off.” She prefers selling sterling against euro, Swiss franc or yen. EUR/GBP reaches a high of 0.8976. (jessica.fleetham@wsj.com)

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