Data in this report cover up to Tuesday August 9 & were released Friday August 12.

This week’s changes in sentiment were relatively limited as investors added to record shorts in GBP while paring risk in EUR.Changes for AUD Read More →

It appears that Goldilocks and the USD bears are playing for the same team at present. The global recovery seems to be strong enough to fuel demand for carry while, at the same time, the US economy is not doing Read More →

Textbook-like GBP weakness. The easing measures announced by the BoE last week read like textbook tools to weaken sterling. Cutting interest rates by 25bps, indicating future cuts are likely and increasing the BoE’s balance sheet by another GBP70trn via debt Read More →

Key Points

• The Euro started a recovery against the US Dollar, and looks set for more gains Read More →