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发表于 2014-10-22 13:00:57
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Scope for Further Longs. Bullish. Watch: BoE Minutes, Retail Sales, GDP. Though UK data has been mixed over recent weeks, with the latest wage data in particular disappointing, we believe any dips in GBP offer a buying opportunity. While the market is long GBP, positioning is not yet extreme, and we note that GBP did not react very strongly to the soft wage data, suggesting investors remain upbeat on the UK economy. Indeed, the upcoming BoE minutes should remind investors that a hike could come sooner than expected, supporting GBP. |
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