Credit Suisse out with its trade of the week
Consider selling EUR/GBP this
week, advises Credit Suisse in its weekly FX pick to clients.
"Draghi’s dovish comments reintroduce the potential for EUR downside,
in our view. EUR has been supported by positioning unwind amid the new
funding status of the currency. But IMM data suggest that this positioning
unwind has already progressed quite a bit," CS notes.
