GBPUSD Macro Review 8/23/19

Pound rally continues are the US uncertainty continues. Many signals still point towards continuation and the currency pair seems to have a generally straight path until the 1.235 area where there may be supply pressure. Dollar drops on anticipation of another rate cut, and gold trends up.

Short term rate trends continue from previous weeks, though treasuries may be finding some support, improving on the relative rate. Long term there is definite support for treasuries, but story is relative the same.

US inflation expectation picks up but still outpaced by UK inflation expectations.

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