TD trade of the week: Sell GBP/USD
Turnaround for cable?
TD suggests selling GBP/USD this week in its trade of the week. They recommend selling with a target of 1.3725 and a stop at 1.4205 (spot at 1.4048).
"We implement this short GBP/USD trade as our FX trade of the week, leveraging expectations of a disappointment with this week's unlocking announcement."
GBP has been the best-performing G10 currency this year.