Market comment.
I stick to my opinion voiced earlier about the prospects of the pound.
PS. Funny thing about mid\long-term currency FCasts made by banks. There are basically two problems concerning this. First, they get it wrong on a regular basis. Second, different banks give conflicting FCasts for the same time intervals. As an example of the latter, compare a recent Goldman Sachs prediction of the euro reaching 1.37 in half a year and that af a Citigroup talking of 128-130 goals in the dollar\yen pair.
That's why I never beleive 'em.
I stick to my opinion voiced earlier about the prospects of the pound.
PS. Funny thing about mid\long-term currency FCasts made by banks. There are basically two problems concerning this. First, they get it wrong on a regular basis. Second, different banks give conflicting FCasts for the same time intervals. As an example of the latter, compare a recent Goldman Sachs prediction of the euro reaching 1.37 in half a year and that af a Citigroup talking of 128-130 goals in the dollar\yen pair.
That's why I never beleive 'em.
Don't trade opinion