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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...

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...

Everything depends on Brexit afterall

The BoE left monetary policy unchanged yesterday, as widely expected. The updated forecasts from the inflation report are somewhat more bullish on growth, which...

Cable dragged lower by EURUSD

Cable has been dragged lower by declines in EURUSD, which has driven the pair to a two-month low at 1.2944. The Pound concurrently ebbed against...

Lack of progress underpins Pound

The Pound has taken a dive on Brexit news, with The Guardian citing Labour leader Corbyn saying that there "is no agreement yet" between...

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