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GBP/USD could test 1.4200 in the short-term – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The sterling could slip towards the 1.4200 handle in the next weeks, according to strategists at Westpac Robert Rennie and Imre Speizer.

    Key Quotes

    “Brexit risks and waning expectations for BOE tightening should continue to weigh on GBP/USD”.

    “Global volatility and Brexit risks have contributed to a fl ip in market pricing for the BOE, from tightening this year to an overly pessimistic possibility of easing”.

    “The 1.4670 level should cap GBP/USD during the next week or two, a test of 1.4200 looming”.
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