The latest forex trading idea from Goldman Sachs

Author: Adam Button | Category: News

Goldman Sachs’ Thomas Stolper says to buy EUR/GBP in a client note.

He suggests buying the pair at 0.8490 with a target of 0.8800 and a stop on a close below 0.8350. Today’s high was 0.8489.

EURGBP daily chart May 8, Goldman Sachs trade

Stolper’s reasoning is that the risk of action at Thursday’s BOE meeting is “underestimated” and lower inflation has opened the door to QE at this week’s meeting, although their central case remains no changes, for now.

Also, Goldman says safe haven flows are ebbing and that Carney may shift dovishly.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose