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#1 14-05-2015 07:55:45

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 2593
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GBP: Deustche Bank gives 3 reasons why traders should remain positione

GBP: Deustche Bank gives 3 reasons why traders should remain positioned long


http://www.forex-central.net/forum/userimages/LogoDeutsche-Bank.png


In a note published today, Deutsche Bank lists 3 reasons why traders should retain their long positions on the GBP:

"First, the recent pause in the trend allowed the GBP to get back in line with its medium-term valuations. Now, even the EUR/GBP seems slightly too high considering the rate differential.

Also, the market remains positioned for sale on the GBP in a speculative manner, leaving room for progression in the event these positions are closed.

Finally, cyclical factors remain favourable, with dynamic growth in wages that continues to be robust."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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