Societe Generale advises to sell pound

Societe Generale advises to sell the pound

Short on the pound / dollar (GBP / USD) still makes sense, analysts say Societe Generale. UK is not subject to a major event risk this week, and the pound was a welcome respite after a Scottish referendum: the alarm last week, in the past, says an expert on macroeconomics Societe Generale Kit Dzhaks. The pound is now trading around $ 1.6314. Sale of the pound against the dollar still makes sense, says Mr. Jax. "As in the euro short-covering was not significant, long-term economic growth prospects are not as bright as they were before", – he said. Source: Forexpf.Ru – Forex Market News

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