Gbp Back To The Future

The report highlights risks to the GBP from a potential UK leadership contest while noting that EUR/USD remains depressed due to hawkish Fed expectations. It also signals potential near-term moderation for USD/CAD following technical overbought signals.

Key Takeaways

• 1.Potential resignation of PM Keir Starmer and a leadership contest in the UK create downside risk for the GBP.
• 2.FX investors are prioritizing hawkish Fed policy over geopolitical stabilization in the Middle East, weighing on EUR/USD.
• 3.USD/CAD technicals show extreme overbought conditions (14-day RSI), suggesting potential for near-term spot moderation.

Table of Contents

• GBP: back to the future
• Asia overnight
• EUR/USD: rate differential matters more than risk sentiment
• CAD: fighting this deflated feeling
• Open trade recommendations
• Key events
• FX Research advanced tools
• Red Mount Analytics
• Global Markets Research contact details
• Certification
• Disclaimer

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial