12 May 2015
EUR/GBP to 0.69? - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that during the press conference, Carney has the opportunity to get a bit more hawkish/optimistic.
Key Quotes:
"Emphasizing that downside risks to inflation have abated and UK growth should pick up from here."
"However, we think that he’ll be careful to try to balance that with a more cautious tone on the move in fixed income markets, and the worry that financial conditions are tightening more quickly than what the macro data can justify."
"With electoral uncertainty gone, we continue to look for GBP-positive positions, particularly short EUR/GBP to at least 0.69 and long GBP/CAD to at least 1.90 in the near-term and 1.95 over the course of the year."
Key Quotes:
"Emphasizing that downside risks to inflation have abated and UK growth should pick up from here."
"However, we think that he’ll be careful to try to balance that with a more cautious tone on the move in fixed income markets, and the worry that financial conditions are tightening more quickly than what the macro data can justify."
"With electoral uncertainty gone, we continue to look for GBP-positive positions, particularly short EUR/GBP to at least 0.69 and long GBP/CAD to at least 1.90 in the near-term and 1.95 over the course of the year."