Citi trade of the week: Long cable
CitiFX says to buy GBP/USD
Currency investors should consider buying GBP/USD this week, advises CitiFX Research in its weekly FX pick to clients.
Citi recommend buying GBP/USD around 1.2948 with a target at 1.3085, and a stop at 1.2880. This trade is already down 23 pips with cable at 1.2925.