- Analytics
- News and Tools
- Market News
- GBP: Risk Of Renewed Squeezes Intact; Long-Terms Shorts Key - Credit Agricole
GBP: Risk Of Renewed Squeezes Intact; Long-Terms Shorts Key - Credit Agricole
"The GBP has been broadly range-bound of late, mainly on the back of stabilising central bank monetary policy expectations. Although the BoE left all options regarding lower rates as soon as this year open, improving data as for instance reflected in better than expected retail sales suggests that the central bank is in a position to wait and see for longer. This makes sense considering that conditions may turn more unstable as soon as Brexit negotiations actually start next year.
The GBP should remain broadly stable next week, especially as no top tier data is scheduled to be released.
When it comes to positioning it remains less elevated and close to levels of when the EU referendum was held. Nevertheless,should GBP lose further downside momentum it cannot be excluded that long-term shorts will be taken off.
Hence, scope of cannot be excluded".
Copyright © 2016 Credit Agricole CIB, eFXnews™
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
