Flash: Sterling upward on inflationary pressures? – Societe Generale

FXstreet.com (London) - Kit Jukes, Head of global Currency strategy for Societe Generale notes the news around concerns the UK’s inflationary pressures.

Key Quotes:

“I like holding EUR/GBP shorts so by definition I quite like GBP/USD longs. Lots in the Uk press about upward pressure on inflation and rates in the UK”.

“GDP data are out on Friday, we expect 0.9%, though IO realsie that there is 'hype' about this number now".