GBP/USD: Dip a buying opportunity - ANZ

FXStreet (Bali) - Despite the GBP setback on Wednesday, Brian Martin, FX Strategist at ANZ Research, thinks that the dip is a buying opportunity.

Key Quotes

"Disappointing earnings growth and a mildly dovish Quarterly Inflation Report from the Bank of England (relative to expectations) prompted a sell off in sterling."

"UK data releases are strong and the speed of recovery in the labour market in particular continues to exceed expectations."

"Dips in GBP on crosses and against the EUR are buying opportunities. Against the USD, cable's rally looks more mature."