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Still bullish on GBP/USD, BoE hike 2017 - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo Mitsubishi are bullish on the pound.

Key Quotes:

"We remain comfortable with our view that the pound will continue to strengthen in the year ahead although more modestly than in recent years."

"The timing of the first BoE rate hike has been pushed way out until early 2017 highlighting that a lot of bad news is already in the price which will help to dampen the potential for further weakness in the near-term."

"However, we acknowledge as well that downside risks for the pound have increased which we will need to continue to monitor closely in the year ahead."

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