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- GBP/USD: Get ready for a renewed assault above 1.40 - NAB
GBP/USD: Get ready for a renewed assault above 1.40 - NAB
eFXdata reports that NAB Research discusses GBP/USD outlook.
"Along with fast-evolving mutations, the UK will be a keenly watched experiment of the steps to recovery. The good news is the UK economic data has overall been stronger than expected. Recent World Bank growth forecasts put the UK at a conservative 5% this year, but at a US-beating 5.6% in 2022," NAB notes.
"We suggested GBP’s recent pull-back would hold the 1.35- 1.38 area before rebuilding for renewed assaults on ground above 1.40. Our mid-year target remains an ambitious 1.45," NAB adds.
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