We consider sterling to be overvalued and expect it to weaken against the dollar in tune with rising expectations for a rate cut by the BOE. Until we get further confirmation that BOE will cut, sterling will be volatile.
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This quote is just one of 4 total Teis Knuthsen quotes in our collection. Teis Knuthsen is known for saying 'We consider sterling to be overvalued and expect it to weaken against the dollar in tune with rising expectations for a rate cut by the BOE. Until we get further confirmation that BOE will cut, sterling will be volatile.' as well as some of the following quotes.
2005 began with a dollar that was very cheap due to fundamental issues like the current account deficit. Rate differentials then supported the dollar, and we think relative rates will continue to drive currency markets.
Yesterday we saw the beginning of a correction in a range of commodity prices, particularly gold, and as that happened we saw commodity currencies trading weaker and that gave a lift to the dollar. That theme is still valid.
This quote is just one of 4 total Teis Knuthsen quotes in our collection. Teis Knuthsen is known for saying 'We consider sterling to be overvalued and expect it to weaken against the dollar in tune with rising expectations for a rate cut by the BOE. Until we get further confirmation that BOE will cut, sterling will be volatile.' as well as some of the following quotes.