EUR/GBP poised for further downside – TDS

FXStreet (Edinburgh) – Strategists at TD Securities noted better prospects for the pound vs. its European peer.

Key Quotes

“Now that the UK election uncertainty has cleared with a surprising Conservative majority, strengthening macro fundamentals and a prospective BoE rate hike in early 2016 will dominate currency performance”.

“Thus, we have pulled forward our forecast for GBP strength; cable may correct the GBP is still a compelling buy on the crosses, especially versus CAD and EUR”.

Brexit” risks are overstated and at least a year away”.

Strategists at TD Securities noted better prospects for the pound vs. its European peer…

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