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Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
One of the most bullish starling where -walls forgo -they where forecasting GBP/USD at 1.8 by the third quarter but they revised there forecast to 1.58. Deutsche bank forecast 1.50 by the end of the third quarter
https://www.db-markets.com/portal/mediadownload/CMS/en/2_News_Publications/2.2_Publications/daily/200709-chrtengl.pdf
From Bloomberg
Sterling will weaken to $1.53 over the next three months, according to Stannard. The median of 33 analyst forecasts compiled by Bloomberg is for the currency to end the third quarter at $1.59
Ashraf
Ashraf
I am a new member so firstly great site! Whats your view on CAD vs GBP in the short term (July) and for the next 6 months?
Ashraf