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 Short Gbp/usd

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fxpulsation




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Join date : 2012-01-25

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PostSubject: Short Gbp/usd   Short Gbp/usd Icon_minitimeMon Jul 02, 2012 11:47 am

Short Gbp/usd


Quotes from RBS:
-With FX markets still beholden to risk appetite, a positive market take on the EU summit suggests that the most appropriate way to play for GBP underperformance is through EUR/GBP longs, GBP/AUD shorts.
-However, our core position remains short GBP/USD, looking for a move into the low 1.50s. BoE looks set to deliver GBP 50bn of asset purchases this week. A 25bp rate seems a low delta event, but still possible.


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