British Pound, Brexit, Japanese Yen, IG Shopper Sentiment - Speaking FactorsBritish Pound upside positio
British Pound, Brexit, Japanese Yen, IG Shopper Sentiment – Speaking Factors
- British Pound upside positioning bias has been dwindling amid Brexit information
- Former bullish contrarian outlook in GBP/USD and GBP/JPY have shifted
- Bearish candlestick sample threatens Sterling’s advance, will the Yen acquire?
Join me on Wednesdays at 00:00 GMT as I cowl what IG Shopper Sentiment is saying concerning the prevailing developments in monetary markets!
In right now’s webinar, I checked out what the newest readings in IG Shopper Sentiment have been uncovering concerning the outlook for the British Pound in opposition to a few of its main counterparts. That is along with a basic backdrop the place a delay in Brexit this month dangers derailing recent upside progress in Sterling. The consequence for threat developments are additionally excessive amid tense commerce negotiations between the US and China.
To study extra about utilizing IG Shopper Sentiment in your personal evaluation, check out our free trading guide!
GBP/USD Sentiment Outlook – Blended
Since early August, the British Pound has climbed about 6.9 p.c in opposition to the US Dollar. Accompanying this uptrend was dwindling GBP/USD upside bets. This took net-long positioning readings from about 80 p.c roughly three months in the past to now simply across the 50% midpoint. In different phrases, merchants are actually extra evenly break up between bullish and…