GBPUSD Macro Review 12/06/19

Pound rises in anticipation of a Conservative majority forming on December 12th.

Dollar had been down recently due to renewed trade war concerns, but rebounded on Friday labor numbers.

Price of gold looks to test 137 levels again.

Short-term Treasuries dip while Gilts see gains.

We continue to see divergence on the longer term yields for Treasuries.

Inflation expectations diverge in US and UK.

In equities, SP500 looks to regain its highs as FTSE sinks lower towards 10/1 bottom.

In terms of futures speculators, market is decreasing net long Dollar exposure and net short Pound exposure.

Leave a Comment