A pair of FX trades from Citi to start the week
– The suggest buying GBP/USD at current levels (1.5514) with a target of 1.5650 and a stop at 1.5300
Oil is rebounding at the moment and that might provide an opportunity to get into the USD/CAD trade. GBP/USD bulls might look for a retracement in light of the 65-pip rally in the past few hours.
