OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD: Next leg higher not happen until next year – CIBC

Analysts at CIBC argue that the Pound is waiting for the next political move. They see don’t see a move significantly higher in GBP/USD during the current year. 

Key Quotes: 

“A few months ago, negative positioning against sterling suggested that a no-deal Brexit may, at that stage, have been the base case for currency traders. Recent developments, including a slide in the opinion polls for the Brexit Party, has led to a paring of those short positions and now the base case appears to be for an orderly exit by January 31st.”

“Next month’s election could still cause uncertainty and potential volatility for sterling, particularly if the conservative party gives up some of its recent lead in the polls. As such, we expect the next leg higher in GBPUSD to not happen until next year, assuming there’s some clarity on the UK’s relationship with the EU following the election and the new January 31st deadline.”
 

NZD/USD: Recent gains to prove short-lived – MUFG

Analysts at MUFG Bank see the Reserve Bank of New Zealand (RBNZ) delivering one more rate cut this year rather than wait until February and expect the
Read more Previous

EUR/USD: Mildly bearish amid Euro under-performance – ING

Analysts at ING see the EUR/USD pair moving with a mildly bearish perspective for next week and see it trading in the 1.0990/1.1110 range. Key Quotes:
Read more Next
Start livechat