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23 Apr 2015
Buy the dips in EUR/GBP – BTMU
FXStreet (Edinburgh) - Derek Halpenny, European Head of GMR at BTMU, sees pullbacks in EUR/GBP as buying opportunities.
Key Quotes
“We find it difficult to envisage a large sell-off for the pound at this stage”.
“This is especially so given the fact that Ed Miliband and the Labour Party have advanced in opinion polls over the past week but the pound has actually strengthened”.
“That to us is a signal that the economic outlook and monetary policy expectations will prove far more important in driving the pound and any pound weakness over the coming weeks related to the election could prove fleeting”.
“This implies an obvious opportunity for buying the pound, particularly against the euro, at attractive levels if political uncertainty does drive the pound weaker”.
Key Quotes
“We find it difficult to envisage a large sell-off for the pound at this stage”.
“This is especially so given the fact that Ed Miliband and the Labour Party have advanced in opinion polls over the past week but the pound has actually strengthened”.
“That to us is a signal that the economic outlook and monetary policy expectations will prove far more important in driving the pound and any pound weakness over the coming weeks related to the election could prove fleeting”.
“This implies an obvious opportunity for buying the pound, particularly against the euro, at attractive levels if political uncertainty does drive the pound weaker”.