Archived IMT (2008.10.21)
My negative bias GBPUSD remains intact especially as the focus turns to the deteriorating fundamentals of the UK. October CBI Quarterly Industrial Trends fell to a 5-year low at -39 from prior -26, while the Business Optimism index plunged to a 28-year low of -60 from -40. Such conditions pave the way for a 50-bp rate cut by the BoE next month. UK September retail sales and Q3 GDP on Wednesday and Thursday will provide further direction to GBP. Interim support stands at $1.6920, followed by $1.6880. Intensification of equity market selling makes $1.6730 possible as early as this week.
Election Anxiety, Virus Reality
by Adam Button | Sep 25, 2020 19:15
USD Deleveraging & Tech Applications
by Adam Button | Sep 23, 2020 18:16
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
by Adam Button | Sep 18, 2020 18:53
Fed's 2023 Special, BoE Thinks Negative
by Adam Button | Sep 17, 2020 14:04