7 Sep 2015
EUR/GBP sell the rallies – TDS
FXStreet (Edinburgh) - In the view of strategists at TD Securities, occasional rallies in the cross remain good opportunities to sell.
Key Quotes
“The BoE has tapped the brakes on prospects for imminent rate hikes, but one is still likely in Q2”.
“The GBP remains one of our G10 favourites, but the repricing of policy expectations creates near-term headwinds”.
“This leaves latent long-GBP positions vulnerable. Cable's trajectory remains murky but we see value in EURGBP shorts over the medium term”.
“We advise patience, however, as we think better entry levels are likely”.
Key Quotes
“The BoE has tapped the brakes on prospects for imminent rate hikes, but one is still likely in Q2”.
“The GBP remains one of our G10 favourites, but the repricing of policy expectations creates near-term headwinds”.
“This leaves latent long-GBP positions vulnerable. Cable's trajectory remains murky but we see value in EURGBP shorts over the medium term”.
“We advise patience, however, as we think better entry levels are likely”.