Gbp/usd Looks overvalued at Current Levels

Posts : 8759 Join date : 2012-01-25

Gbp/usd Looks overvalued at Current Levels

-The UK-US 5yr swap spread has continued to move in favour of the USD which has pushed our short term fair value model lower over the past week.
-Our estimate suggests that GBP/USD looks overvalued at current levels and should be closer to 1.565. This suggests some downside risk for GBP/USD.

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