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GBP/USD: A Sell On Bounces Into 1.25

GBP/USD: A Sell On Bounces Into 1.25

On February 15, 2017, Posted by , In Uncategorized, By , With No Comments

Z48

In an environment of fairly capped central bank rate expectations, we believe that GBP remains subject to downside risks.This is especially true as there is limited scope for reduced political uncertainty once actual exit negotiations with the EU have started. We stay of the view that GBP is a sell on rallies and levels closer to 1.2500 unsustainable.

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