16 Jul 2014
GBP/NZD: Cyclical bullish turn looming - ANZ
FXStreet (Bali) - According to Sam Tuck, FX Strategist at ANZ, GBP/NZD looks set to undergo a cyclical bullish turn.
Key Quotes
"NZD has disconnected from declines in export prices and domestic data. Potential yield increases are fully factored, leaving little upside potential."
"We expect this disconnect to resolve via NZD declines. GBP/NZD accounts for above-average activity, by pairing with an economy of equivalent strength."
Key Quotes
"NZD has disconnected from declines in export prices and domestic data. Potential yield increases are fully factored, leaving little upside potential."
"We expect this disconnect to resolve via NZD declines. GBP/NZD accounts for above-average activity, by pairing with an economy of equivalent strength."