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GBP/USD upside limited on 1.44 handle - Scotiabank

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Scotiabank noted that BoE MPC member Cunliffe warned that markets may be too pessimistic on pricing BoE policy risks.

    Key Quotes:

    "The broader trend is negative, however, and we rather think GBP/USD gains are liable to stall in the mid/upper 1.44 area."

    "BoE rate hikes are unlikely near-term while uncertainty around the outcome of a referendum seems more likely. We are inclined to fade GBP gains."
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