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Oct 13 - 02:55 PM

GBP/USD: Still Expecting A Move Towards 1.0350 In Q4 - Credit Suisse

By eFXdata  —  Oct 13 - 01:30 PM

Credit Suisse maintains a bearish bias on GBP/USD into year-end.

"We set our GBPUSD Q4 range target at 1.0350 – 1.1400 in our Q4 Outlook, and we continue to expect a move to the lower end of the range," CS notes.

"The main question for us is whether than happens quickly due to financial meltdown or more slowly in coming weeks as and when the BoE fails to hike rates as much as the market has priced in," CS adds.

Source:
Credit Suisse Research/Market Commentary

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