GBP/USD: Fundamentally Cheap But Still Vulnerable N-Term; Can’t Rule Out A Dip Into 1.25 – ANZ

The pound is on the back foot on Brexit concerns after International Trade Secretary Loam Fox said that a no-deal Brexit is the most likely outcome. What’s next? Here is their view, courtesy of eFXdata: ANZ Research discusses GBP/USD outlook and notes that while Sterling is fundamentally cheap on a medium-to-long-term basis, an extended dip towards […]

The post GBP/USD: Fundamentally Cheap But Still Vulnerable N-Term; Can’t Rule Out A Dip Into 1.25 – ANZ appeared first on Forex Crunch.

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