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8 May 2015
GBP is a buy - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained their GBP strategy post the UK elections.
Key Quotes:
"As we discussed earlier, we like fading EUR/GBP rallies, selling any rallies to the 0.75/0.77 region as we target a move to 0.69 in 6m time"
"We like buying GBP/CAD dips from the 1.82/1.83 area, as electoral uncertainty shifts from the UK back to Canada with elections coming up there this autumn. Markets will now be turning their attention toward the question of how soon the BoE might be raising rates, especially once the US data picks up again and we get closer to the period where FOMC meetings become live."
Key Quotes:
"As we discussed earlier, we like fading EUR/GBP rallies, selling any rallies to the 0.75/0.77 region as we target a move to 0.69 in 6m time"
"We like buying GBP/CAD dips from the 1.82/1.83 area, as electoral uncertainty shifts from the UK back to Canada with elections coming up there this autumn. Markets will now be turning their attention toward the question of how soon the BoE might be raising rates, especially once the US data picks up again and we get closer to the period where FOMC meetings become live."