By Paul Spirgel — Apr 26 - 01:40 PM
Sterling limps into NorAm close, -1.06% at 1.2604; Tues range 1.2772-1.2594
GBP$ puts in new 2022 low amid widening rate diffs, broad USD haven flows
Sterling bears in control as global politics add to rates woes nL2N2WO179
Big-figure supt by 1.26 holding for now, next supt late Jun 2020 low 1.2519
GBP bears likely adding to growing IMM net spec short 1096742NNET
Recent IMM data from Apr 19 showed net short highest since Oct 2019
EUR/GBP +0.59%at 0.8454, Tues range 0.8457-0.8394; ECB rate hike view trumps BoE
IMM GBP Spec Data Chart: Click here
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary