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Is the pound set to suffer amidst Johnson’s latest political woes?
Another day of political turmoil awaits Johnson’s government after two top cabinet members Sunak and Javid resigned yesterday. But does the British pound care?
Boris Johnson stumbles over the line (but there are no winners here)
The British pound hit some turbulence overnight thanks to the confidence vote (or lack of) for UK’s Prime Minister, Boris Johnson.
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European Open: GBP trades around its 23-month low ahead of NFP
The US dollar is on track for its fifth bullish week, which hasn’t boded well for GBP which clings on to its 23-month low ahead of today’s NFP report.
Weekly COT report: Managed funds most bullish on gold in 3-months
Bullish exposure continues to fall for the US dollar despite the Fed on the cusp of beginning their rate-hike cycle.
Weekly COT report: GBP futures on the cusp of net-long exposure
What began as a short-covering rally is now seeing increased bullish activity on the British pound futures contract.
Weekly COT Report: Sterling extends short-covering rally
The British pound was the only major to close higher against the greenback last week, and speculative positioning suggests short covering remains the main driver.
Weekly COT Report: NZD flips to net-short as bulls capitulate
Kiwi bulls appeared spooked last week as we saw gross longs closed at their second fastest rate on record.
BOE liftoff! GBP soars as traders price in more BOE rate hikes through 2022
Today's rate hike signals that the tide has shifted and BOE policymakers are now prioritizing fighting inflation as the biggest economic risk...
What does Plan B mean for UK markets?
The UK government could be about to trigger Plan B and unleash a new wave of restrictions. We look at how markets are responding and explain how to prepare.
GBP/USD at YTD lows as US dollar hits 16-month highs
The market is now pricing in the potential for three or more interest rate increases from the Fed by the end of next year!
Weekly COT Report: Pound Shorts Intensify
Traders were their most bearish on British pound futures in 17-months, according to last week’s commitment of traders report.
European Open: Japan Floats Record Stimulus Package
Far exceeding original estimates, Japan’s ¥56 trillion package will be its highest on record if approved.
European Open: Has GBP Gone Too Far, Too Fast?
Maybe, although it depends on the pair. But we suspect GBP/AUD could be in for some mean reversion, given the technical levels it stalled at overnight.
European Open: UK Employment in Focus for GBP Traders
Today’s employment set should gather extra attention, given comments made by BOE’s Governor Andrew Bailey yesterday.
European Open: China Data Mixed, EUR/GBP Bears Eye Break of 0.8520
Whilst there are some strong numbers coming out from China, its slowdown remains apparent. Which is still a net-positive when compared to Japan’s negative growth figures.
Asian Open: Pound Sinks Post-BOE, AUD/CHF Falls to 4-week Low
The Bank of England (BOE) became the second central bank to catch out hawkish bets this week, behind the RBA – and both events continue to weigh on their respective currencies.
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BoE preview: Rate hike imminent?
Will they ? Won't they? That is the question as we head towards the most unpredictable BoE interest rate decision in years.
European Open: GBP Breaks its 200-day eMA, ISM Manufacturing in Focus
GBP/USD closed beneath its 200-day eMA on Friday, and today’s ISM manufacturing data could be the difference between recovering back above it or extending its decline.
UK autumn budget preview: What to watch?
The Chancellor Rishi Sunak will lay out the government's tax and spending plans for the second time this year as the UK economic recovery slows and inflation surges.
Two trades to watch: GBP/USD, DAX
GBP/USD hovers around 1.38 despite weak retail sales, PMI data due. Dax rises, Evergrande avoids default, PMI data due.
UK CPI miss unlikely to derail BoE's hawkish turn
CPI missed forecasts but is expected to rise further. BoE rate hike bets remain high.
European Open: Dollar Bears Return Overnight, GBP/USD Eyes Breakout
There was no obvious catalyst for US dollars weakness but the flows were simply to ditch the dollar in favour of anything else (apart from the Turkish Lira).