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  • GBP: To Stay Supported; Still 11% Undervalued - Barclays

    From efxnews.com

    Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election, but notes that global sentiment amid geopolitical risks is likely to stay a key driver in the near-term. On the BoE front, Barclays doesn't expect the central bank to signal any change in policy stance over this coming snap election. "We currently estimate the GBP is about 11% below its long-term fair value on a real effective exchange rate basis. We expect much of this uncertainty discount to be removed over the next few quarters," Barclays argues. GBP/USD is trading circa 1.2780 as of writing.

That's not true.. because UK is running huge trade deficits that were supported by house bubble in London and finance..
Buy at the Low, Sell at the High You make money by waiting not by trading.
....you mean .... that's not true because the market decides the price, and Barclays disagrees with the market by 11%

You can always determine the approximate age of an 'analysts', I put this one around 31 ~ 32 years old.
Carbon-Dioxide: the gas of life!
Buying them dips, more bulls to come
Come with me if you want to live....
If people don't know to buy in winter and sell in summer it says a lot.
Safety First
Quoting Exodus
....you mean .... that's not true because the market decides the price, and Barclays disagrees with the market by 11% You can always determine the approximate of an 'analysts', I put this one around 31 ~ 32 years old.
They can't abstain from spanking it.
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  • Posted: Apr 19, 2017 11:44pm
  • Submitted by:
     Newsstand
    Category: Breaking News
    Comments: 5  /  Views: 2,484