Trade of the week by Citi: Sell Gbp/Usd

Market news

31 January 2017

Trade of the week by Citi: Sell Gbp/Usd

Currency investors should consider selling GBP/USD this week, advises CitiFX in its weekly FX pick to clients.

"Sell at 1.2548, target 1.2310, stop loss 1.2685," Citi advises.

EUR/USD rallies after better than expected inflation, unemployment and GDP data. Up 70 pips so far approaching 1.08 important resistance area

Seasonally adjusted GDP rose by 0.5% in the euro area

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