We are targeting below 1.1000 for the #GBPUSD!
Richard Matthews from Pardus FX meets with Blake Morrow to discuss the #forex market this week ahead of the #FOMC and #BOE rate decisions.
Richard still thinks the GBPUSD is going to break 1.1000 and eventually trade to 1.0740! He thinks the interest rate differentials will continue to favor the US Dollar over the British Pound.
Richard is becoming more constructive on the EURUSD at current levels, but best way to play the EUR would be through the EURGBP cross (higher).
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