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Sep 08 - 02:55 PM

GBP/USD: Now Targeting 1.1250 N-Term - Credit Suisse

By eFXdata  —  Sep 08 - 01:00 PM

Credit Suisse now targets 1.1250 in GBP/USD by the end of Q3.

"New UK PM Truss appears to be wasting little time trying to address head on the UK’s energy price crisis through massive fiscal spending. While this brings immediate relief to GBP, BoE support is key longer-term and remains debatable," CS notes. 

"With our previous GBPUSD 1.1500 target hit, we now look for 1.1250," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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