Tag Archives: GBP

GBP Mid-day Analysis

The Ukraine events have undermined global equities and they have also undermined the Pound.

The Pound has forged another lower low for the move overnight in the wake of disappointing retail sales results.

Overt weakness in the Euro, Swiss, Yen and Canadian has finally provided some cushion to the Pound.

The Pound has forged a fresh downside breakout overnight in the face of softer than expected UK inflation readings.

CPI came in at -0.3% m/m in July reducing inflation by 0.1% point to 1.6% y/y, slightly lower than consensus and our forecast.

A recovery effort remains under way in the Pound as the situation in Ukraine hasn’t markedly changed from Friday and

Leveraged funds’ net long USD positioning stayed relatively unchanged after the previous week’s sharp increase,

In the week ahead, investors will be looking ahead to Wednesday’s minutes of the Federal Reserve’s latest meeting,

USD: Housing Pop Could Prop Up US$. Is the US housing market poised to break out of its recent slump?

• Traders are bullish the USD but this week the data highlights several interesting shifts that provide a warning of changing sentiment.

The Pound has been able to rebound slightly in the face of a positive 2nd Quarter GDP result.

Consistent and seemingly perpetual soft global economic data leaves the Pound bears in control.