Quotes from Societe Generale Cross Asset Research:
-The UK current account deficit is too big, and so too is the budget deficit. Going into an election year with opinion polls pointing to a difficult period of coalition-building, there are plenty of potential potholes for sterling to fall into.
-GBP/USD is unlikely to fall as far or as fast as EUR/USD but it many ways it is a better risk-reward strategic short trade. And what happens if the economy slows too abruptly for the MPC to raise rates as expected? We expect to see the bottom of the 1.48-1.72 four-year range in 2015.
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