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Volatility trade


Moving in line with the German curve


Price Signal Summary - USD Resumes Its Uptrend

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MNI (London)
CABLE: BAML have moved their end of year forecast for sterling to 'reflect
recalibration in UK rate hike expectations'.
* Cable outlook moves from $1.2500 to $1.3100. 
* Eur/Gbp outlook they adjust to Gbp0.8800 from Gbp0.9200. 
* They keep Eur/Usd outlook for end of year at $1.1500. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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