23 Oct 2013
Flash: GBP/USD bulls - Investec
FXstreet.com (London) - Research teams at Investec are still bullish for GBP/USD.
Key Quotes:
“It appears the continuing theme in currency markets and GBPUSD will be to position for the currency pair to push higher as the market expects consistent numbers from the UK and a dip in growth in the US after the debt debacle”.
“The FX trading desk at Investec are certainly looking for rallies north of 1.6300 before we begin to see some profit taking”.
“Indeed, if the headline jobs figures released yesterday weren’t bad enough for the US, we also learned from President Obama’s chief economic adviser that the recent government shut-down is estimated to trim 0.25% from economic growth in Q4 and cost 120,000 jobs”.
Key Quotes:
“It appears the continuing theme in currency markets and GBPUSD will be to position for the currency pair to push higher as the market expects consistent numbers from the UK and a dip in growth in the US after the debt debacle”.
“The FX trading desk at Investec are certainly looking for rallies north of 1.6300 before we begin to see some profit taking”.
“Indeed, if the headline jobs figures released yesterday weren’t bad enough for the US, we also learned from President Obama’s chief economic adviser that the recent government shut-down is estimated to trim 0.25% from economic growth in Q4 and cost 120,000 jobs”.