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Jan 27 - 10:55 AM

GBP: Spring Comes Early For GBP: Hedge Funds And Real Money Buying More As GBP Rallies - BofA

By eFXdata  —  Jan 27 - 09:39 AM

Bank of America Global Research flags a scope for further flows-driven GBP upside in the near-term.

"GBP demand is strengthening. Our proprietary flows show both hedge funds and real money buying even more as GBP is rallying this year," BofA notes, 

"The long real money GBP position is a concern, but hedge fund positioning has only now turned positive and is far from the peak two years ago," BofA adds. 

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Source:
BofA Global Research

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