RBS targets US growth
Paul Robson, senior foreign exchange strategist at RBS in London, said the underlying strength of the US recovery evolved largely as forecast, despite an unexpected second round of quantitative easing from the Federal Reserve. He noted that the bank also expected sterling to benefit from concrete plans to rein in the budget deficit, it having weakened significantly going into May 2010's general election.
The bank has been selling off EUR/CHF throughout the eurozone periphery crisis.
Going
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