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Saxo TV / 22 April 2014 at 9:30 GMT

For how long will sterling be the star performer?

John J Hardy
There's more anticipation of an earlier than expected rise in UK interest rates and the pound is continuing to benefit this Tuesday. On Wednesday, the Bank of England will release the minutes of its last policy meeting and that's key for Saxo Bank's Head of FX Strategy, John Hardy. They should, he says, give a clearer indication as to how many more members are moving to the view that there should be a rate hike. He's surprised the pound's not even stronger against the euro.
It comes as the dollar is trading in a "middle of the range" type way. John says there are a few signs that the greenback is attempting a more bullish move, notably against the Aussie dollar and the Swiss franc. However, it's not clear, he says, how long a process this is going to be. 


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