TD trade of the week: Sell GBP/USD

Author: Adam Button | Category: News

Turnaround for cable?

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.

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