Bottom Line: We are changing our forecasts to expect more GBPUSD weakness in coming quarters and little recovery next year. The higher probability of a "-Brexit" and uncertainty for businesses should drive reduced investment into the UK, particularly from foreign Read More →

FX markets are seeing cracks. As we highlighted last week, the USD/JPY, GBP/USD and gold experienced significant breaks on 3-4 October. The EUR/USD (and USD/CHF) break on the downside happened later, the move taking place this week on 11 October, Read More →

Key Points

• The Euro after trading towards 1.4780 against the Aussie dollar found sellers and moved down.
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Key Points

• The US Dollar remained in an uptrend versus the Swiss Franc after a close above Read More →