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  • Bets Against the Pound Are at the Highest Level of the Year

    From bnnbloomberg.ca

    It seems a consensus is finally emerging on Brexit -- no, not about the vote, but the fate of the beleaguered pound. A gauge of trader positioning from Citigroup Inc. shows short bets on sterling at their highest levels since December and the bearish wagers are set to rise even further, according to market participants. The rationale: Britain just can’t seem to agree on a Brexit deal -- and the uncertainty will keep bruising sentiment toward the most-volatile Group-of-10 currency this year, said Jingyi Pan, strategist at IG Asia Pte in Singapore. “The closer we get to the Brexit deadline without a clear ... (full story)

Go screw yourself' s , i wonder what a singaporian analysts knows about this shit . just to manipulate traders
so does it mean that all sellers are already in the market? £ will rally then
  •  Guest
  • | IP XX.XXX.239.168
Stop loss hunt about to begin
For this reason, i am buying GBP
The scariest thing that could happen to an fx trader: to find out, that his bet is the same as almost everyone else's.
Except that the Pound rallied yesterday after the "No Deal" option was voted down by Parliament and talk of a Extension of time to Remain in the EU continued.
there are way more buyers in the market than sellers, any fool can see that
- BNNB$ need to learn to read an obvious chart what is it telling you ?
just another foolish attempt at market manipulation
I don't know why and how traders are thinking GBP should go down.?
I am not understand too, why Pound going up. There is bad news only about Brexit. Good news are if UK stay in EU. All the rest is bad for UK and EU.
Quoting Micc23
Except that the Pound rallied yesterday after the "No Deal" option was voted down by Parliament and talk of a Extension of time to Remain in the EU continued.
The "no deal"" rally yesterday was due to some of these 'nervous' GBP shorts realizing that Brexit is NOT going to happen - it will be delayed for 2 years in a devious plot twist.
Quoting ArvONs
I am not understand too, why Pound going up. There is bad news only about Brexit. Good news are if UK stay in EU. All the rest is bad for UK and EU.
There are too many players short at this time. There is stop hunting going on. In addition I believe there will NOT be a Brexit. Instead since the UK can't ratify the EU Brexit deal then the EU will simply DEMAND that negotiations be extended until 2021, effectively keeping the EU intact. WHEN that happens every short will be running for the exit door at the same time and GBP/USD will LEAP UP
And when will the EU demand be because some of us are already on short till 1.31200
GU will go up
19% ROI on my account thanks to GBP on both calls and puts -is hard to beat for a single days trading :-)
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  • Story Stats
  • Posted: Mar 14, 2019 7:59am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 14  /  Views: 3,131