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29 May 2015
EUR/GBP poised for further downside – TDS
FXStreet (Edinburgh) - Strategists at TD Securities noted better prospects for the pound vs. its European peer.
Key Quotes
“Now that the UK election uncertainty has cleared with a surprising Conservative majority, strengthening macro fundamentals and a prospective BoE rate hike in early 2016 will dominate currency performance”.
“Thus, we have pulled forward our forecast for GBP strength; cable may correct the GBP is still a compelling buy on the crosses, especially versus CAD and EUR”.
"Brexit" risks are overstated and at least a year away”.
Key Quotes
“Now that the UK election uncertainty has cleared with a surprising Conservative majority, strengthening macro fundamentals and a prospective BoE rate hike in early 2016 will dominate currency performance”.
“Thus, we have pulled forward our forecast for GBP strength; cable may correct the GBP is still a compelling buy on the crosses, especially versus CAD and EUR”.
"Brexit" risks are overstated and at least a year away”.