Citigroup: a strong pound will not last long

GBP /USDon Tuesday (November 9) the European market lower pressure in the United Kingdom in September industrial production and merchandise trade accounts and other data maintained in the days before the release of the top lowlevel oftrading.
　　
Citigroup Inc. (Citigroup) said, the United Kingdom in September industrial output and manufacturing output data will confirm that the UK economy is strong growth, which may be the euro / sterling suppressed the formation, especially in Germany on Monday (Nov. 8) published in Germany After the disappointing industrial production data.
　　
However, Citigroup also pointed out that there are two reasons to explain why the euro / sterling fall will not last. First of all, the British trade balance deficit in the third quarter widened to record the highest level possible, which highlights the needs of the depreciation of sterling, and the second, the Bank of England on Wednesday (November 10) released the inflation report will likely alarm the market, the Bank of England very cautious outlook for the UK economy.
　　
The bank pointed out that the pound may therefore experience down after the recent rally.