GBP/USD dips buying opportunities - ANZ

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Brian Martin, analyst at ANZ explained that some cautionary arguments on the pound are that much is already priced in and that GBP/USD can historically struggle above 1.70.



Key Quotes:



“We agree with those observations. However, there would appear to be little chance of momentum slowing sharply and sustainably in the near-term, and if that is the case, then there is a risk that the bank might raise rates this year”.



“We continue to anticipate further moderate sterling gains and see dips as a buying opportunity, particularly on the sterling crosses”.



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