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The only thing going for sterling is buy-side positioning - ING

ING Research discusses GBP outlook and maintains a cautious bias into year-end.

"The only thing going for sterling is buy-side positioning. Being short the pound had been one of the most popular buy-side trades going into October. We have seen what positioning has done to crowded long dollar trades over the last week. It is hard to see what sterling positives the market could take from today's budget - but there is an outside risk that investors have some residual sterling shorts t... Read More

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Posted: Nov 17 2022, 20:03

Author Name: forexlive

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