Saturday January 14, 2017 - 19:53:04 GMT
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Amazing Trader & Commitment Of Traders data (1/13/17) Show GBPUSD at Downside Risk Register for the Amazing Trader
Concerns continue to wax and wane. The week ahead sees a major speech by PM May on Brext details. The GBP continues under downward pressure due to this uncertainty. GBPUSD shorts are being gradually wound down. The "devaluation" of sterling since the vote has been an economic stimulus for the U.K.
From a trading perspective, we always keep an eye on EURGBP as a barometer of flows in and out of the EUR. These flows often directly impact EURUSD.
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