Tag Archives: GBP

Weekly CFTC Trader Positioning Data

Sentiment favors long USD positioning, at $48bn in aggregate and

Despite better than expected UK retail sales results and talk that lower oil prices might

The Pound has managed to extend the January consolidation above the 1.50 level and

While the Pound saw some support from reports of hawkish views from

The Pound is simply having trouble getting up and away from the January consolidation lows.

In the week ahead, investors will be focusing on Thursday’s outcome of the ECB’s policy meeting and

The net long USD position rose this week to $49bn, almost at the highs recorded in November.

The Pound continues to win by default as the news flow regarding the Euro zone,

The Pound is partially set to win temporarily by default as continental investors

A big range down washout in January (which started with a gap down failure)

With the headlines trumpeting UK inflation falling down to the lowest levels in 14 years,

UK CPI inflation tumbled to just 0.5% in December, the weakest reading since May 2000.