GBP crosses/Trade Ideas

How about some GBP/NZD for breakfast? Big rally imminent!

A very experienced macro trader who likes to make some big plays has started to build a long GBP/NZD position. He expects this pair to now stay above 1.9300 and that we will see a move back towards 2.10 over the next few months. His argument is that the Asia-centric optimism which has driven flows over the last few years is now starting to wane and he wants to express this view via this cross (with EZ-debt woes and QE3 turning him off the EUR and USD).

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