Missed our GBP Trades?

As GBP takes center stage, I am receiving several tweets and emails of charts showing the technical ugliness of the currency. So I take this chance to highlight to those (who are not subscribers) that we started issuing bearish trades in GBPUSD, GBPAUD, GBPNZD and GBPJPY since September 2015 -- a time when the market was busy with China, US stocks and oil, we sent multiple trades in GBP crosses since early Sept.

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Premium subscribers will note that our "bearish GBP" momentum intensifed ahead (not after) the BoE's quarterly inflation report of early November, when GDP and CPI forecasts were dealt a major blow by the BoE's Monetary Policy Committee. Of course, this was at a time when most "big banks" were still forecasting a BoE rate hike in Q1 and Q2 2016.  On December 21 webinar for FXStreet, I reiterated the 3 major reasons for my GBP shorts here.

The rest was history.