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10 Jan 2014
Flash: GBP/USD more likely to parity than 2.00 in next 5 years - Societe Generale
FXstreet.com (Bali) - Kit Juckes, FX Strategist at Societe Generale, is expecting the GBP/USD to weaken fro its current levels through 2014.
Key Quotes
"I don't know exactly which day this trade should be put on, but the contrast between the UK and US balance of payments trends highlights how much less lop-sided the US recovery is than the UK's."
"We've had a lovely run on the back of foreigners bringing their money to spend in the UK (despite our jingoistic press) but it's nearly over."
"Soon after I started staring at the FX market for a living, GBP/USD almost went through 1. Since then it has been through 2 a couple of times. It's more likely to see parity again than revisit 2 in the next 5 years."
Key Quotes
"I don't know exactly which day this trade should be put on, but the contrast between the UK and US balance of payments trends highlights how much less lop-sided the US recovery is than the UK's."
"We've had a lovely run on the back of foreigners bringing their money to spend in the UK (despite our jingoistic press) but it's nearly over."
"Soon after I started staring at the FX market for a living, GBP/USD almost went through 1. Since then it has been through 2 a couple of times. It's more likely to see parity again than revisit 2 in the next 5 years."