Forex Flash: GBP/USD view remains positive - UBS

FXstreet.com (Córdoba) - Against the expectation of many market participants, the Bank of England minutes from the April meeting, did not mention the 'changes in the mandate' of the bank at all, notes the UBS analyst team.

"We have argued on numerous occasions that the Chancellor did not announce any material changes to the mandate and today confirmed us in this view", says UBS. "This should keep the pound supported. On the other hand, today's employment data was slightly disappointing, but not dramatically. We keep a positive GBP view".