Nomura: UK : EURGBP – NZ Trader Views – FXWW Chatroom

Retail sales yesterday on the weakish side but quickly dismissed by market as the real focus is on inflation report and employment out tomorrow. Market is pricing May next year for the first hike and then another one November same year.. Steepening is definitely a familiar theme. Continue to like selling EURGBP. 
NZ : Our G10 spot desk in London continues to believe NZD is bound to catch up with the AUD fall and this may be the trigger we need for the next leg lower in NZDUSD. 0.7325 will be the first support; following that, 0.7275 and the February low at 0.7177 will be the big levels to watch. 

Leave a Reply