GBP/USD: Interesting buyers noted but 1.75 by Christmas?
One of the big Prime Brokers is extremely bullish on GBP. They have been seeing some very large buying from asset managers, reserve managers and real-money accounts and these big players have been buying on every 50 pip dip. The PB thinks we could see cable near 1.75 before Christmas. Not sure what they’re smoking, but I’d like some 🙂