GBP: 3 Reasons For Further Upside; Go Long Vs USD, EUR, AUD – Nomura

Nomura FX Strategy Research expects GBP to outperform throughout the second half of the year. 

Nomura outlines 3 reasons behind this view:

1) The inflation premium in GBP is starting to look over-stretched;  2) The Bank of England (BoE) may start to become less pessimistic if a positive global growth surprise catches the UK markets off-guard; 3) The difficulty of the early stages of the Brexit negotiations looks to be priced in already with the small drawdowns this week further proving that,” Nomura argues.

In line with this view, Nomura recommends going long GBP against USD, EUR, and AUD.

Source: Nomura Securities Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

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