Strategists at Deutsche Bank recommend selling GBP/USD without noting any particular levels. A few reasons for the call:
- Recent UK data has been softer
- The BOE is shifting its focus to wage growth
- Longs are being unwound
The pound has been grinding higher for the past few hours, up to 1.6840 from 1.6820.
At the moment, I don’t think it’s a good time to sell the pound — cable has fallen in 12 of the past 13 sessions. Wait for a bounce for better levels to sell.
GBPUSD daily
