{"id":1076,"date":"2021-05-10T11:15:39","date_gmt":"2021-05-10T14:15:39","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1076"},"modified":"2021-05-10T11:15:41","modified_gmt":"2021-05-10T14:15:41","slug":"gbp-risk-of-a-second-scottish-referendum-not-gone-away-wont-chase-eur-gbp-lower-10-2-30-pm-socgen","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/10\/gbp-risk-of-a-second-scottish-referendum-not-gone-away-wont-chase-eur-gbp-lower-10-2-30-pm-socgen\/","title":{"rendered":"GBP: Risk Of A Second Scottish Referendum Not Gone Away; Won\u2019t Chase EUR \/ GBP Lower &#8211; 10 2.30 PM SocGen"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Societe Generale Research discusses GBP outlook and sees a scope for GBP \/ USD to rise further, while stays cautious bias on EUR \/ GBP in the near-term.&nbsp;<\/p>\n\n\n\n<p>&#8220;The morning G10 mover is sterling. The Conservatives did well l local elections, and the SNP (just) failed to win an outright majority in the Scottish parliament. However, the pound&#8217;s move is as much about the negative dollar toe and risk-friendly&nbsp; mood, as the news &#8230; don&#8217;t know anyone who thinks the risk of a second Scottish referendum has gone away. &#8221;&nbsp; SocGen notes.&nbsp;<\/p>\n\n\n\n<p>&#8220;GBP \/ USD can rise as the dollar remains under pressure from global economic optimism, but won&#8217;t chase EUR \/ GBP lower.Sterling does, if you work on the premise the UK continues to run slightly higher inflation that the Eurozone. And while \u00a0the pound isn&#8217;t as expensive today as at past major turning points, it definitely isn&#8217;t cheap against the euro here. Wednesday brings a barrage of data including Q1 GDP and perhaps most important, March trade, &#8220;SocGen adds.\u00a0<\/p>\n\n\n\n<p><em>Source: <a href=\"https:\/\/plus.efxdata.com\/news\/insights\" data-type=\"URL\" data-id=\"https:\/\/plus.efxdata.com\/news\/insights\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/plus.efxdata.com\/news\/insights<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Societe Generale Research discusses GBP outlook and sees a scope for GBP \/ USD to rise further, while stays cautious bias on EUR \/ GBP in the near-term.&nbsp; &#8220;The morning G10 mover is sterling. The Conservatives did well l local elections, and the SNP (just) failed to win an outright majority in the Scottish parliament. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1076","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1076"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1076\/revisions"}],"predecessor-version":[{"id":1077,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1076\/revisions\/1077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1069"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}