A good time to review the Cable chart ahead of an important Queen's speech. There is no better time than now to start tracking for further short exposure in Sterling if you are not already heavily loaded with a full clip. Those following the flows since the very beginning will remember the superb start to this channel:
We have traded no less than 20+ positions live here on Tradingview in GBPUSD, GBPJPY and EURGBP. The gift that keeps on giving, with dumb retail rushing to Pound towards the end of last week asking for trouble. The Queen's Speech will keep the masses distracted for a few more hours and keep them talking until x-factor returns on the weekend.
On the BOE side, they are in a very tough spot with preparations already made for 50bp of front loaded cuts and a restart of TFS with a no-deal or hard Brexit.
The flows have been very easy to track and this one will be no exception, an anti climax coming for all those looking for a positive or orderly brexit as reality hits shores very soon. Any Pound strength should be faded in ALL crosses; regardless of any deal the UK is not immune to a short-term loss in market access. The comments below are open for all to jump in to the conversation and further the opportunity for all.
Thanks for keeping the likes and comments coming and good luck.
We have traded no less than 20+ positions live here on Tradingview in GBPUSD, GBPJPY and EURGBP. The gift that keeps on giving, with dumb retail rushing to Pound towards the end of last week asking for trouble. The Queen's Speech will keep the masses distracted for a few more hours and keep them talking until x-factor returns on the weekend.
On the BOE side, they are in a very tough spot with preparations already made for 50bp of front loaded cuts and a restart of TFS with a no-deal or hard Brexit.
The flows have been very easy to track and this one will be no exception, an anti climax coming for all those looking for a positive or orderly brexit as reality hits shores very soon. Any Pound strength should be faded in ALL crosses; regardless of any deal the UK is not immune to a short-term loss in market access. The comments below are open for all to jump in to the conversation and further the opportunity for all.
Thanks for keeping the likes and comments coming and good luck.
