wynnasuju
Banned spammer for FBS.com
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RBS: thoughts about GBP
Tuesday, September 4, 2012 - 10:14
Analysts at RBS claim that British pound is overvalued at the current levels. In their view, GBP/USD’s fair value lies closer to $1.5650.
The specialists say that the next couple of weeks seem set to be important in determining how currencies and financial assets trade into early December.
According to them, further easing by the Fed should help limit the downside in GBP/USD over the next month. RBS underlined that Bernanke appeared to open the door a little more to further easing and even a better than expected payroll number on Friday seems unlikely to change this.
Chart. Daily GBP/USD
RBS: thoughts about GBP // FBS Markets Inc.
Tuesday, September 4, 2012 - 10:14
Analysts at RBS claim that British pound is overvalued at the current levels. In their view, GBP/USD’s fair value lies closer to $1.5650.
The specialists say that the next couple of weeks seem set to be important in determining how currencies and financial assets trade into early December.
According to them, further easing by the Fed should help limit the downside in GBP/USD over the next month. RBS underlined that Bernanke appeared to open the door a little more to further easing and even a better than expected payroll number on Friday seems unlikely to change this.
Chart. Daily GBP/USD
RBS: thoughts about GBP // FBS Markets Inc.