Bearish
Goldman Sachs recommends shorting GBP/USD, targeting 1.3250.
Goldman Sachs has advised a tactical short position on GBP/USD, citing concerns that the recent rally has outpaced fundamental support. The bank sets a target of 1.3250 and a stop at 1.3600, noting that the speed and timing of July's rally appear driven by optimism surrounding a Burnham government and technical factors.
Key points
- Goldman Sachs recommends shorting GBP/USD, targeting 1.3250.
- No significant market-moving news in the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
