27 Apr 2016
Sell GBP/USD at 1.4710 - Westpac
Research Team at Westpac, suggests selling GBP/USD at 1.4710 with a stop of 1.4850.
Key Quotes
“GBP looking punchy as Brexit fears recede but it is arguably now underpricing that risk, especially as the latest polls taken after President Obama's "intervention" show the "leave" camp ahead of "remain". EUR/GBP a buy into 0.76 while GBP/USD is unlikely to trade sustainably above 1.4680 resistance.”
Key Quotes
“GBP looking punchy as Brexit fears recede but it is arguably now underpricing that risk, especially as the latest polls taken after President Obama's "intervention" show the "leave" camp ahead of "remain". EUR/GBP a buy into 0.76 while GBP/USD is unlikely to trade sustainably above 1.4680 resistance.”