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Two weeks after…..

GBPJPY      On July 3rd we wrote: Another pair that hit 6-month low was GBPJPY, which is currently trading at 135.38. The asset seems to be...

BoC ahead but focus on Powell

BoC ahead but focus on Powell - The USD majors mostly settled into consolidation as market participants went into bets-off mode ahead of the...
brexit

Pro-no-deal-Brexit Johnson & Sterling

Brexit: There continues to be a dearth of anything approaching what might be called a substantive development. But there are signs of what the...

Pound breaks last week’s band

Eurozone manufacturing PMI unexpectedly revised down to 47.6 in the final June number, from 47.8 in the preliminary reading. This means the manufacturing reading...

GBP vaulted upwards – Could this be sustained?

EURGBP Sterling vaulted higher on the perky UK wage data, which prompted interbank and short-term speculative participants to put a squeeze on short positions, especially...

Sterling suffers on fresh Brexit news

GBPJPY remained heavy amid safe haven demand for the Yen but also amid a weak Pound on Brexit fatigue. The low reflected safe haven...

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