Sell any rallies in cable, says Commerzbank, which expects further downside for GBP/USD in the coming days given the likelihood of further asset purchases Thursday. Says although the manufacturing PMI Monday was well ahead of expectations, it still points to a contraction in activity and does not change the outlook for the MPC Thursday. Adds the key level in GBP/USD is around the 200-day moving average at 1.5752. GBP/USD now at 1.5705.
Find us on Google+
No comments:
Post a Comment