Stay short cable (FXB -2.5%), says Citi, even though it's already off plenty since yesterday's...

|By:, SA News Editor

Stay short cable (FXB -2.5%), says Citi, even though it's already off plenty since yesterday's dovish BOE policy statement. In addition to the threat of more QE to combat surging gilt yields, there's also the chance of lower policy rates (currently 0.5%). Minutes from yesterday's meeting are due on July 17 and there's reason to expect more dovish news ahead of that.