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Thomson Reuters
Aug 30 - 05:00 AM
GBP/USD - Weaker GBP Shorts Are Likely Crosses, Not Cable
First appeared on eFXplus on Aug 30 - 02:50 AM
  • GBP holds gains made since Barnier comments implying more topside potential
  • On Aug 21 GBP shorts were the largest since May @ 4.4 billion
  • Circa GBP 1.6 billion were added after GBP broke sharply lower start Aug
  • GBP crosses weaker since. EUR/GBP extending rise 0.9002 to 0.9098 this week
  • In contrast GBP/USD supported by short-covering rising 3% since mid August
  • GBP may have greater upside potential on the crosses then versus USD

GBP shorts vs cable and eurgbp Click here

Thomson Reuters IFR Markets


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