Positioning for FX into data releases ahead

20 May, 2015

Kit Juckes of Societe Generale, prefers remaining short GBP/USD into the BoE Minutes release.

Key Quotes

“The UK releases MPC Minutes this morning. We remain bearish and short of GBP/USD.”

“Swedish unemployment and Norwegian GDP are also due (we like longs in NOK, SEK and PLN vs EUR, GBP and CHF).”

“Australia saw a jump in consumer confidence but AUD is slipping again and if you think there's a chance of a hawkish FOMC minutes, is worth a short.”


Source  
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