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Trading news
21 Aug 2017
GBP/USD coinciding with constructive Brexit negotiation headlines - Scotiabank
Analysts at Scotiabank noted that GBP is up vs the USD with the bulk of GBP gains coinciding with constructive Brexit negotiation headlines.
GBP/USD: short-term technicals are bearish-neutral - Scotiabank
Key Quotes:
"This week’s data calendar is relatively empty, with no major releases ahead of the second Q2 GDP figures on Thursday."
"Risk reversals are suggestive of a slight build in the premium for protection against GBP weakness, and CFTC positioning remains bearish."