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EUR/GBP remains a sell on strength around 0.77/0.78 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Richard Franulovich, Strategist at Westpac, regards upticks in the European cross towards the 0.77/0.78 area as selling opportunities.

    Key Quotes

    “No change in the GBP view - Brexit risk is overdone and a strong bias to sell EUR/GBP into 0.77/0.78”.

    “UK polls are a poor guide to the national mood if polling for the last general election and Scottish independence are anything to go by”.

    “PM Cameron should emerge from EU membership renegotiations with a strong hand, helping tip the case in favour of continued membership”.

    “UK rates markets have gone too far, now leaning toward small odds of a base rate cut by year’s end (40%)”.
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