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12 Apr 2013
Forex Flash: GBP/USD year-end target remains at 1.45 – Scotiabank
FXstreet.com (Barcelona) - The sterling is trading in a narrow range since the opening bell in London this morning, between 1.5340 and 1.5380, following the increasing risk-off tone prevailing in the markets.
According to Camilla Sutton, Strategist at Scotiabank, “Next week’s CPI will be important, particularly as inflation expectation metrics are beginning to rise; however next week’s highlight will come with the release of the BoE minutes on Wednesday. We expect there is further near‐term GBP upside ahead; but that ultimately GBP trends towards 1.45 into year-end”.
According to Camilla Sutton, Strategist at Scotiabank, “Next week’s CPI will be important, particularly as inflation expectation metrics are beginning to rise; however next week’s highlight will come with the release of the BoE minutes on Wednesday. We expect there is further near‐term GBP upside ahead; but that ultimately GBP trends towards 1.45 into year-end”.