Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They see a target in the cross at 126.60 with a stop loss at 134.10. Key Quotes: “Over the past week the GBP has continued to underperform. It was the third worst performing G10 currency over the past week, and by far the worst this month. The pound continues to be undermined by negative Brexit headlines, and ongoing speculation that the BoE (Bank of England) could introduce negative rates. The fourth round of Brexit trade talks take place next week. The mood music heading into the talks has not been good.” “The BoE has signalled clearly that they are reviewing further policy options including negative rates. While we do not expect negative rates to be implemented, the uncertainty is set to persist as a weight on the pound in the near-term.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump’s presser FX Street 3 years Analysts at MUFG Bank maintain a short GBP/JPY trade idea in anticipation that the weakness in the pound will extend further in the near-term. They see a target in the cross at 126.60 with a stop loss at 134.10. Key Quotes: “Over the past week the GBP has continued to underperform. It was the third worst performing G10 currency over the past week, and by far the worst this month. The pound continues to be undermined by negative Brexit headlines, and ongoing speculation that the BoE (Bank of England) could introduce negative rates. The fourth round of Brexit trade talks… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
