GBP/USD bearish longer term - Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remains bearish on GBP/USD in a long term horizon.

Key Quotes

"If there is a winner in the volatility race-to-the-bottom, it is GBP/USD, chasing down 2007 lows. A Pfizer approach to Astra-Zeneca has given GBP/USD a bit of a boost this morning, and a 0.9% increase in Q1 GDP (data tomorrow) would help too."

"But the speculative market is long GBP. We're long-term bears and short-term expect the volatility fall to continue."