Tag Archives: GBP
GBP Mid-day Analysis
The Pound has failed again on the charts overnight and that action was largely the result of softer thanexpected May UK retail sales figures, some geopolitical drag from the Scottish issue and
Politics matters for the pound
Last weekend’s European elections have informally kicked off election season in the UK. We highlight three medium term political risks for the pound.
GBP Mid-day Analysis
While the BOE floated some hawkish dialogue overnight, a fresh higher high for the move was rejectedand the pendulum has shifted in favor of the bear camp.
ANZ: Weekly CFTC Trader Positioning Data
Leveraged funds reduced their net short positions against the USD for the second week. Net short positions against the USD fell by USD0.4bn, largely reflecting the reduction in positioning in the EUR.
Societe Generale: Weekly CFTC Trader Positioning Data
The following are the latest weekly positions updates on Societe Generale’s FX Quant Fund which runs systematic currency strategies by SocGen’s quant analysts.
The Week Ahead in FX
In the coming week, markets in the U.K. will be closed for a public holiday on Monday, while U.S. markets will also be closed for the Memorial Day holiday.
Weekly CFTC Trader Positioning Data
FX volatility is low and positioning is relatively light, even in carrytrades that typically thrive in low vol environments. Most positionsare close to flat, and even large positions,
GBP Mid-day Analysis
We are a little surprised in the lack of strength in the Pound this morning, in the wake of mostly upbeateconomic sentiment flow and hopes that Russia might pull back some troops and
GBP Mid-day Analysis
The Pound saw an initial positive reaction to 1st quarter GDP and UK Business investment resultsovernight but those gains failed to hold.
GBP Mid-day Analysis
We didn’t even need to look at a Pound chart this morning to know the currency was on the rise againas we saw generally higher equity prices, upbeat Japanese dialogue and
GBP Mid-day Analysis
The Pound looks to have won by default overnight. While UK CPI, PPI and RPI readings were justbarely above unchanged, compared to the weaker German inflation readings,
GBP Mid-day Analysis
The Pound has continued to respect a pattern of lower highs since the May 6th highs and it has alsoremained off balance because of threats from the BOE on the ultra-hot UK housing market.