Investment Management
We advice Subscribers to sell GBP/USD above the $1.2940 level. The Bank of England in its monetary policy statement yesterday assumed that Brexit would be smooth Sterling then extended its losses as Carney said tighter monetary policy would depend on the “smooth” Brexit that his institution is predicting. That was a signal that investors […]
Investors who are of the strong opinion that Theresa May’s snap elections and the Bank of England’s Inflation Report will cause GBP to start a bull trend should not bet on it In the latest quarterly Inflation Report, BOE’s Mark Carney could point to more concrete reasons for caution, including a first-quarter slowdown in economic […]
Time Changes Things. Once Upon A Time The ECB was bogged down with Greece problems. Today, Europe’s economy is accelerating while the U.K. is on the brink of a slowdown We reiterate our £0.92 price target for EUR/GBP in 2018 as the ECB prepares to taper its quantitative easing probably in the second half […]
“The dollar has peaked,” Kit Juckes, a global strategist at Societe Generale, wrote in a note last week. While the Fed is on track for a June rate increase, “that won’t be enough to drive the dollar very far unless the market rethinks the longer-term rate outlook.” Hedge funds and money managers trimmed net […]
EUR saw the biggest w/w swing with a $2.6bn narrowing in the net short to $0.2bn – the smallest net bearish position since mid 2014. A $2.4bn liquidation in gross shorts delivered the bulk of the w/w change, along with a modest $0.2bn build in gross longs GBP has seen a third consecutive week […]
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