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Oct 24 - 01:24 PM
GBP/USD: Buying Dips Attractive Unless Polls Swing Aggressively - Citi
First appeared on eFXplus on Oct 24 - 11:00 AM

Citi discusses GBP/USD outlook and maintains a buy-on-dips strategy.

The clearest signal from last night is that Johnson’s deal will fly through Parliament on Conservative majority if he can get a 30 vote margin (329-299) with a fractured House of Commons," Citi notes. 

"Therefore, unless the polls swing aggressively towards the Brexit Party or Labour at the expense of the Conservatives, election uncertainty weighing on UK risk should be bought into if you, as we do, believe the election base case is a Conservative majority. We still like buying dip," Citi adds. 

 

Source:
Citi Research/Market Commentary

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