GBP/USD: Looking To Fade GBP/USD Above 1.3000 Remains A Base Case – Credit Suisse

Here is their view, courtesy of eFXdata:

Credit Suisse discusses GBP/USD outlook and maintains a sell-on-rallies strategy in the near-term.

“Markets this week have absorbed news suggesting some flexibility might be forthcoming in terms of accepting the need for regulatory checks between Great Britain and Northern Ireland as part of a deal,” CS notes.

Our base case has been to look to fade GBP strength above GBPUSD 1.3000 and below EURGBP 0.9000. Given the Italian risks that are in play, we favour GBPUSD as a purer expression of a GBP view for now,” CS argues.

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