constantpip
Short

We remain our bearish bias

FX:GBPUSD   British Pound/U.S. Dollar
61 2 0
7 months ago
We look to short GBPUSD             at 1.4360.

Technical View:
-> Symmetric Triangle resistance.

Fundamental View:
1) Carney speech today will be neutral to dovish pointing the Brexit Risks
2) Brexit dominate the currency view
3) We may have some fluctuation on Wage growth data tomorrow and Retail sales but we remain bearish with strong resistance 1.44
7 months ago
Comment: With Softer wage growth and unemployment posts first rise since 2015, one more reason to sell pound.
7 months ago
Comment: UK Retail Sales fall more than forecast. for second month ( -1.3%MoM). More reason to keep selling.
7 months ago
Comment: More reasons to sell,

Carney raising concerns ( Dovish) :

1) BOE has room to cut interest rates if needed
2) China is big risk
3) Labor market will be affected from a Brexit
4) London's financial could shrink
5) The current account deficit would be more expensive
constantpip
7 months ago
More reasons to sell,

Carney raising concerns ( Dovish) :

1) BOE has room to cut interest rates if needed
2) China is big risk
3) Labor market will be affected from a Brexit
4) London's financial could shrink
5) The current account deficit would be more expensive

Reply
constantpip
7 months ago
With Softer wage growth and unemployment posts first rise since 2015, one more reason to sell pound.
Reply
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