Disliked{quote} Zebi I don't know if it is intervention from the BOE that is impacting the GU or simply the market diddling with price the way that only the market can diddle. If it is the BOE in there next report you will see huge changes in debt. In an election in the UK, I doubt that the central bank will be loading up its balance sheet to support the currency. Loading up the balance sheet to fund programs to buy votes, yes.Ignored
I wrote here recently a counter-narrative to Zebi's strong $ thesis, and there are some big players in this market who have been/are trading this as their current global macro view. To what extent they are now after Fri's NFP and Powell's remarks (again) I don't know..
Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
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