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#1 08-10-2015 13:17:50

johnedward
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From: Paris - France
Registered: 21-12-2009
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GBP: Buy dips, we remain bullish (Credit Agricole bank)

GBP: Buy dips, we remain bullish (Credit Agricole bank)


http://www.forex-central.net/forum/userimages/LOGO-Credit-Agricole.jpg


"The rate markets now suggest that the ECB will raise interest rates in August 2016, but there is a chance that the BoE rhetoric and upcoming economic data could encourage investors to act on these expectations ahead of time.

The BoE meeting and the statement that will follow could signal an increase in the number of governors wishing to raise rates, which would be possible given the recent hawkish speech given by both Weale and Forbes.

Moreover, the deficit of the current British balance in Q2 may have helped allay the concerns of some governors regarding the strength of the British pound.

We remain in favour of buying GBP on dips." says Credit Agricole.

Credit Agricole bank maintains shorts on the EUR/GBP from 0.7313 with a stop loss at 0.75 and a target 0.70.


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

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