Citi bearish cable, targets as low as 1.05 (key support 1.1410 for now)

[forex4you]

Citi bearish cable, targets as low as 1.05 (key support 1.1410 for now)

<p class="western" align="left">
This
via the folks at eFX.
</p><p class="western" align="left">
For
bank trade ideas, <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" target="_blank">check
out eFX Plus</a>.
For a limited time, get a 7 day free trial, basic for $79 per month
and premium at $109 per month. <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" target="_blank">Get
it here</a>.

</p><p>Citi discusses GBP outlook and turns more bearish in the near-term.</p><ul><li> "CitiFX Strategy team stepped up their bearish GBP calls this week, citing the deteriorating growth outlook, likely stickier inflation, and the BoE hiking into recession," Citi notes.</li><li> "CitiFX Strategist calls for higher risk premia related to her pre-election promises around fiscal funding, Article 16 and the BoE, and anticipates GBPUSD falling to 1.05-1.10. In the meantime, we keep an eye on the March 2020 low of -1.1410 as next key support," Citi adds.</li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Citi bearish cable, targets as low as 1.05 (key support 1.1410 for now)

forexlive.com