Tag Archives: GBP

GBP Mid-day Analysis

Finally the Pound has showed some recovery action and it is possible that the September Pound will

Like other currencies, the Pound is oversold relative to the Dollar and in need of a technical balancing recovery.

On one hand, the UK posted the strongest gain in Industrial output in 6 months and

When it rains it pours for the Pound, as the fear of Scottish independence and

Leveraged funds increased their exposure to the USD for the 7th consecutive week,

In the week ahead, investors will be looking ahead to Friday’s U.S. data on retail sales and

The main change in terms of positioning this week has been the increase in the short JPY and long CAD position.

• The net long USD position rose to $34bn; however as opposed to a long USD market,

The Pound bulls haven’t been able to find support from positive UK data and

The Pound remains in a wounded chart condition this morning and that might be the result of

While the Pound was undermined by an initial lower low for the move overnight,

A distinct failure and reversal overnight shifts the technical picture in the Pound in favor of the bear camp.