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Fraser_G
Nov 26, 2020 3:00 PM

GBP Cable Strength  Long

British Pound/U.S. DollarFXCM

Description

Took small Long position in GBPUSD on back of continued weakness in USD and strong trend to upside on GBP. Took position on Nov 20 via LGBP ETF, and has been somewhat anaemic - will watch closely to see if breakdown in trend emerges in coming days. Will likely be dependent upon BREXIT talks in UK and continuing near term risks in US macro environment on foot of future Fed printing and evolution of CV-19 spread/shutdown and subsequent implications through winter.
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