CitiFX says to buy GBP/USD
Currency investors should consider buying GBP/USD this week, advises CitiFX Research in its weekly FX pick to clients.
Citi recommend buying GBP/USD around 1.2948 with a target at 1.3085, and a stop at 1.2880. This trade is already down 23 pips with cable at 1.2925.
Here was last week's trade of the week from Citi.
For more ideas from banks, check out eFX Plus.
