Credit Agricole says there's still legs in a pound rally on Scottish referendum result – Looking for 1.6600 today via ForexLive

Not mucking about are Credit Agricole. Their FX strategist Adam Myers says he expects GBP/USD to rise above the Sep 1st close of 1.6605 today and make further gains next week.

He says the markets will go back to focusing on the BOE and once again pricing in earlier rate hikes.

He adds that the No vote is not decisive and that the future talk of more devolution might distract investors attention from superior relative growth from that in Europe.

The market is still flip flopping around 1.6450/60 but all the analysts are rushing to get their verdicts out to clients early doors.

posted via ForexLive

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