Sell GBP/USD at 1.4710 - Westpac

Research Team at Westpac, suggests selling GBP/USD at 1.4710 with a stop of 1.4850.

Key Quotes

“GBP looking punchy as Brexit fears recede but it is arguably now underpricing that risk, especially as the latest polls taken after President Obama's "intervention" show the "leave" camp ahead of "remain". EUR/GBP a buy into 0.76 while GBP/USD is unlikely to trade sustainably above 1.4680 resistance.”

Apr 27, 2016

UK Rates: Sensitive to policy uncertainty, beware the BoJ - TDS

Renuka Fernandez, Senior Rates Strategist at TD Securities, notes that following the surprise cut from the BoJ in January, UK rates reacted sharply falling on average two standard deviations across the swap surface.

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Apr 27, 2016

Brazil: Expect a less hawkish hold from BCB - TDS

Sacha Tihanyi, Senior EM Strategist at TD Securities, expects the BCB to hold on rates, but with a slightly less hawkish tilt as we see reason for the two dissents for a 50bp rate hike to be removed.

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