26 May 2015
GBP/USD: Scope for recovery but risk around EU - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that Sterling’s weakness is largely a function of the firmer dollar environment.
Key Quotes:
"It tested the $1.57 area in the second half of last week and was pushed below $1.5400 today."
"There is scope for recovery toward $1.5440-60."
"There is much talk of Cameron’s post-electoral push to renegotiate the terms of EU membership and treaty changes."
Key Quotes:
"It tested the $1.57 area in the second half of last week and was pushed below $1.5400 today."
"There is scope for recovery toward $1.5440-60."
"There is much talk of Cameron’s post-electoral push to renegotiate the terms of EU membership and treaty changes."