Trade Against The Retail Herd 17th Feb

What's new today?

UK Inflation data led to market expectations of a potential rate hike, however this opinion quickly lost steam as Governor King spoke yesterday. Economic weakness indicated by a rising jobless rate, as well as other factors vs Inflation risks is leading to a continued stalemate in interest rate expectations. These event led to a sharp turn around in GBP positioning with most GBP pairs in the neutral zone now.

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Provided by Pivotfarm via the Technical Analysis blog