Forex Flash: GBP/USD year-end target remains at 1.45 – Scotiabank

FXstreet.com (Barcelona) - The sterling is losing more than one big figure on Wednesday, dragged lower by softer figures from the UK labour market and the inconclusive BoE minutes, repeating the split voting pattern on further stimulus.

“Those against an increase thought that the problems facing the economy would be better addressed through credit markets and that there had been an increase in medium‐term inflation expectations… We hold a bearish year‐end GBP outlook, targeting 1.45”, commented Camilla Sutton, Strategist at Scotiabank.