Time to sell GBP/USD - SocGen

Kit Juckes, Research Analyst at Societe Generale, suggests that the sterling short-covering bounce ought to be nearing completion and short GBP/USD is a good place to start.

Key Quotes

“The UK MPC has further easing ahead; the press, at least, sounds complacent about the economy, and there’s no reason to alter a long-term target of 1.20-1.25. I think shorts make sense here and are a good place to start rebuilding dollar longs generally.”