Long GBPUSD: Short Squeeze and April Seasonality

(from our Weekly report of 4th April 2017) GBPUSD remains range bound, with the triggering of Article 50 last week widely expected by the market. Since the Brexit vote, speculative positioning on GBP has been persistently very bearish; however, the latest Commitment...

Sterling’s rally to peter out on rising inflation

The Mexican peso is the only major currency to have appreciated against sterling this year (and then only by less than 1%). The trade-weighted sterling is the highest it has been since late 2008, when the currency was in the midst of its epochal devaluation. The...