GBPUSD Macro Review 7/19/19

Pound Dollar continues downtrend as it approaches near decade lows. A mixture of stronger dollar, political uncertainty and trade wars create lower demand environment for Pound Sterling.

Treasury and Gilt rates fall but 10 Yr differential increases as Dollar becomes a better value.

Inflation expectations are up in both the US and UK.

Equities stall out after the most recent bull run.

COT reports for GBP shows confirmation of continued Pound devaluation.

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