On one hand, UK unemployment fell in August, but the drop in jobless claims was disappointing. This is only part of the complex picture for GBP. And what’s the next direction? Deutsche Bank gives two reasons to stay long on sterling: Here is their view, courtesy of eFXnews: In a note to clients today, Deutsche Bank outlines a couple of development for sterling advising of staying long GBP despite its recent decline. First, while yesterday’s CPI number was weak UK inflation dynamics are very different from the US or Europe. Medium term expectations are stable, services inflation is well supported and lower CPI may actually be beneficial for UK growth in supporting consumption. Headline inflation also matters less for the Bank of England than other central banks. Second, positioning has moderated yet further. The IMM report shows that the real money community is now the shortest pounds for two years, while hedge funds have continued to cut longs. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next UK inflation rate postpones rate hike FxPro - Forex Broker 7 years On one hand, UK unemployment fell in August, but the drop in jobless claims was disappointing. This is only part of the complex picture for GBP. And what's the next direction? Deutsche Bank gives two reasons to stay long on sterling: Here is their view, courtesy of eFXnews: In a note to clients today, Deutsche Bank outlines a couple of development for sterling advising of staying long GBP despite its recent decline. First, while yesterday's CPI number was weak UK inflation dynamics are very different from the US or Europe. Medium term expectations are stable, services inflation is well supported… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
