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Forex News

Sterling is fundamentally cheap – CitiBank

Analysts at Citibank consider that the pound could rise back to 1.29-1.34 against the US dollar once the economy and markets return to normal.  Key Quotes: “US economy loses 20.5 million job losses in April and...

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Forex News

Downbeat UK GDP forecast cap upside in Sterling

Sterling finds no takers as UK’s finance minister warns of massive economic contraction.  The coronavirus-led uncertainty could keep the US dollar better bid.  European markets are closed on account of Ea...

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Forex News

Options market turns bearish on Sterling

GBP/USD risk reversals turned bearish earlier this week.  Put options are drawing the highest premium since mid-December. Options market turned bearish on Sterling earlier this week and the premium claimed by ...