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4 Feb 2016
EUR/GBP remains a sell on strength around 0.77/0.78 – Westpac
Richard Franulovich, Strategist at Westpac, regards upticks in the European cross towards the 0.77/0.78 area as selling opportunities.
Key Quotes
“No change in the GBP view - Brexit risk is overdone and a strong bias to sell EUR/GBP into 0.77/0.78”.
“UK polls are a poor guide to the national mood if polling for the last general election and Scottish independence are anything to go by”.
“PM Cameron should emerge from EU membership renegotiations with a strong hand, helping tip the case in favour of continued membership”.
“UK rates markets have gone too far, now leaning toward small odds of a base rate cut by year’s end (40%)”.
Key Quotes
“No change in the GBP view - Brexit risk is overdone and a strong bias to sell EUR/GBP into 0.77/0.78”.
“UK polls are a poor guide to the national mood if polling for the last general election and Scottish independence are anything to go by”.
“PM Cameron should emerge from EU membership renegotiations with a strong hand, helping tip the case in favour of continued membership”.
“UK rates markets have gone too far, now leaning toward small odds of a base rate cut by year’s end (40%)”.