20 Jul 2015
Neutral outlook in GBP/USD – BBH
FXStreet (Edinburgh) - The research team at BBH sees the perspective of the pair as neutral in the near term.
Key Quotes
“Unlike the dollar's gains, sterling's gains have coincided with a backing up of short-term rates”.
“The implied yield on the December short-sterling futures market rose as much as 14 bp above the previous week's high”.
“Sterling is likely to find new buyers on pullbacks, and the $1.5540 area offers initial support. Only a break of $1.5500 would signal a top is in place”.
“The technical indicators are neutral though the five-day average is poised to cross above the 20-day average”.
“Initial resistance is seen near $1.5680, but it may take a move above $1.5700 to be convincing”.
Key Quotes
“Unlike the dollar's gains, sterling's gains have coincided with a backing up of short-term rates”.
“The implied yield on the December short-sterling futures market rose as much as 14 bp above the previous week's high”.
“Sterling is likely to find new buyers on pullbacks, and the $1.5540 area offers initial support. Only a break of $1.5500 would signal a top is in place”.
“The technical indicators are neutral though the five-day average is poised to cross above the 20-day average”.
“Initial resistance is seen near $1.5680, but it may take a move above $1.5700 to be convincing”.