27 Jun 2014
GBP/USD dips buying opportunities - ANZ
FXStreet (Guatemala) - Brian Martin, analyst at ANZ explained that some cautionary arguments on the pound are that much is already priced in and that GBP/USD can historically struggle above 1.70.
Key Quotes:
“We agree with those observations. However, there would appear to be little chance of momentum slowing sharply and sustainably in the near-term, and if that is the case, then there is a risk that the bank might raise rates this year”.
“We continue to anticipate further moderate sterling gains and see dips as a buying opportunity, particularly on the sterling crosses”.
Key Quotes:
“We agree with those observations. However, there would appear to be little chance of momentum slowing sharply and sustainably in the near-term, and if that is the case, then there is a risk that the bank might raise rates this year”.
“We continue to anticipate further moderate sterling gains and see dips as a buying opportunity, particularly on the sterling crosses”.