GBPUSD Macro Review 7/26/19

The Dollar Index gains while the Pound Index drops, continuing the net decline in the Pound Dollar.

On the short end of the government yield curves, down pressure remains, though for treasuries, the upcoming rate cut seems to be fully priced in as rates look to stabilize.

Treasuries continue to increase in relative value compared to Gilt returns however.

Similar trends play out on the long end of the curve.

Equities continue to flag, with the FTSE 100 going as far as to enter a slight bear trend.

COT shows speculative Dollar long pressure coming into play, but Pound remains on trend.

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