Two sides of the pound trade in two different pairs
This is what makes a market folks
Citi's FX mob took a technical short at 1.5610 as they say they see the topside running out of steam
The failure to break above 1.5675 - 1.5700 could mean a double top being put in place. Their short is targeting 1.5260 with a stop at 1.5720
Morgan Stanley like the pound but against the Euro. They went short last week at 0.7088 for a target of 0.6600 with a stop at 0.7220. They cite a increasingly hawkish BOE and would prefer to play it against the euro than be caught in the current of the dollar and Fed hikes
