The latest trade idea from Citi

Currency investors should consider buying GBP/USD this week, advises CitiFX Research in its weekly FX pick.

Citi recommends buying GBP/USD around 1.3293, with a target of 1.3550, and a stop of 1.3150.

"We anticipate an extension of recent weakness in USD...With expectations on US monetary and fiscal policy in a holding pattern, the brief pause in global convergence trade motivated real money USD selling could revert to trend," Citi argues.