Forex Flash: Buy or sell GBP/USD?- Commerzbank, Danske Bank and UBS

<!--TITOL:

Forex Flash: Buy or sell GBP/USD?- Commerzbank, Danske Bank and UBS

FITITOL--> FXstreet.com (Barcelona) - The three banks agree on how to trade GBP/USD: buy it. The Copenhagen based bank, Danske Bank, says in its daily technical report to “buy at 1.6235 for a revised 1.6380 objective, stop at 1.6160.", while Commerzbank suggests to “buy 1.6225, add 1.6195, stop 1.6165. Cover 1.6425.” UBS's Geoffrey Yu says he is bullish on sterling although he does not give out an specific price range where to trade on while Chris Walker (UBS) believes the pair will be at 1.62 for the next 1 to 3 months.

Today will be released the core personal consumption expenditure price index and personal income figures in the US. It is expected that the results will show a gradually ameliorating economic recovery. The UK PMI will be announced tomorrow morning and forecasts point out to a slight decrease from 52.1 to 51.5.

The pair is currently trading at 1.6272, down by 0.01%.