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3 Apr 2014
The only way for GBP is not up - FXStreet
FXStreet (Córdoba) - Analyst Ross Burland at FXStreet notes that despite rising late in March, the Pound is not headed necessarily higher considering various fundamental factors.
Key Quotes:
“It would appear that we are seeing another pop at the psychological 1.67 again. But on what basis? The piercing line on the daily chart set us off on this run up but we are now seeing congestion ahead once again”.
“I would expect to see something a little over the market consensus as the US emerges out of one of the worsts winters on record and that would be a catalyst to take down the pound from these recent levels”.
Key Quotes:
“It would appear that we are seeing another pop at the psychological 1.67 again. But on what basis? The piercing line on the daily chart set us off on this run up but we are now seeing congestion ahead once again”.
“I would expect to see something a little over the market consensus as the US emerges out of one of the worsts winters on record and that would be a catalyst to take down the pound from these recent levels”.