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2013.10.2212:07:00UTC+00Research: Gbp Fundamentals

  • Sterling was modestly softer against its U.S. peer, as in typical fashion investors thought it was too risky to bet against the greenback before a key U.S. jobs report. 
  • In recent sessions the pound has flirted with new multi-month highs against the dollar amid improving confidence in the durability of Britain's economic revival.
  • Europe's third biggest economy could get a big confidence boost if Friday's figures show growth in Britain improved during the third quarter, which according to forecasts is on the cards. 
  • Sentiment should also take direction from Bank of England minutes that are set for publication on Wednesday. Bank records that show a new round of monetary stimulus off the table for now should support the pound.

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