The pound had its share of volatility in 2016 and the tendency is not necessarily to the upside, explains the team at BNP Paribas: Here is their view, courtesy of eFXnews: The recent slowing in the UK’s dataflow is compounding the effects of political uncertainties and keeping rates markets inclined to price for small risk of policy easing rather than the early 2017 rate hikes that we expect. BNP Paribas STEER was last week indicating that the GBP appears overvalued versus the USD, with the decline of cable bringing the pair back towards its STEER. The soft dataflow, in addition to the upcoming political risk, suggests that there is scope for another period of GBP undershooting it’s STEER as has been seen several times this year. As such, although we have a longer term bullish view for the GBP, risk reward is not attractive for GBP longs at this time. For lots  more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting  Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Oil on a roll, dollar down – Live Market Open Yohay Elam 6 years The pound had its share of volatility in 2016 and the tendency is not necessarily to the upside, explains the team at BNP Paribas: Here is their view, courtesy of eFXnews: The recent slowing in the UK's dataflow is compounding the effects of political uncertainties and keeping rates markets inclined to price for small risk of policy easing rather than the early 2017 rate hikes that we expect. BNP Paribas STEER was last week indicating that the GBP appears overvalued versus the USD, with the decline of cable bringing the pair back towards its STEER. The soft dataflow, in addition… 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.
