Poll day!
Another one from the Reuters poll department.
According to today's poll, the ideal GBPUSD rate for the UK and its economy is 1.24. Pollsters also say that the BOE would tolerate CPI at 3.5% before reconsidering their neutral stance.
Probably most sensibly, several of those surveyed declined to give a view what they though the ideal rate was by saying there wasn't one.
Seeing as we're trading at 1.2433, we're must be well into overbought conditions right now ;-)
