GBP/USD: Staying Structurally Bullish Targeting A Break Above 1.40 – BTMU

GBP/USD had a positive end to 2017, but that was mainly thanks to the weakness of the British pound. Can Sterling find its own footing and rise to higher ground? The team at BTMU is quite bullish.

Here is their view, courtesy of eFXnews:

BTMU FX Strategy Research discusses GBP outlook and maintains a structural bullish bias on cable targeting a break above 1.40 over the coming months.

“We remain GBP bulls and continue to expect GBP/USD to break above the 1.4000 level.

As always the course of Brexit negotiations will be important and in that sense developments in the coming weeks will be important given we expect a transition deal to be struck quickly,” BTMU argues.

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