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6 Aug 2015
Expectations of a hawkish BoE remains high – TDS
FXStreet (Edinburgh) - Strategists at TD Securities reiterated the market bias towards a hawkish tone from the BoE today.
Key Quotes
“On more immediate horizons, however, we have two primary concerns”.
“First, we are a little concerned that the long-GBP trade has become rather popular. We do not think it is crowded – yet – at least among the medium- and longer term segments of the market”.
“That said, long GBP exposures are clearly one of the better ideas floating around out there, in our view, predicated directly on expectations that the BoE will move into a tightening phase relatively soon”.
Key Quotes
“On more immediate horizons, however, we have two primary concerns”.
“First, we are a little concerned that the long-GBP trade has become rather popular. We do not think it is crowded – yet – at least among the medium- and longer term segments of the market”.
“That said, long GBP exposures are clearly one of the better ideas floating around out there, in our view, predicated directly on expectations that the BoE will move into a tightening phase relatively soon”.