We believe there will be added downside risk for GBP moving forward. #UK 10Y gilts have seen a massive bid since late January with yields falling nearly 40bps in that time.
The trend is likely continue with both #Brexit potential and possible Scotland independence referendum.
We look for 10Y gilts to fall below 90bps.
Alert: 1.2476 Threshold: 1.2688 Opportunity: 1.9760 Trade Mgmt: TP on 50% of position at1.2245; move threshold to breakeven Reward-Risk: 2.31 Duration: 1 to 3 months
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