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2 Apr 2013
Forex Flash: GBP shorts keep piling up – Rabobank
FXstreet.com (Barcelona) - The sterling continues to derail on Tuesday, as increased selling interest is dragging the GBP/USD more than a big figure from overnight highs in the boundaries of 1.5260 to the current multi-day lows around 1.5115/20.
According to the last CFTC COT report, Jane Foley - Strategist at Rabobank - commented, “Sterling’s shorts continued to build even though the March 20 budget brought some relief insofar as the BoE’s mandate was not altered significantly and the consensus favours steady policy from the April BoE meeting”.
According to the last CFTC COT report, Jane Foley - Strategist at Rabobank - commented, “Sterling’s shorts continued to build even though the March 20 budget brought some relief insofar as the BoE’s mandate was not altered significantly and the consensus favours steady policy from the April BoE meeting”.