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Societe Generale: Sterling – OK for now, but dangers lurk

Quotes from Societe Generale

  • We recommend re-setting long-term strategic short positions in GBP/USD close to theelection, hopefully at a level close to 1.60.

  • We favour trading any post-election sterling strength through the interest rate market ratherthan the FX market.
  • Short Gilts vs Bunds is a better trade in our view than being short EUR/GBP at these levels.

  • Market Data
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