Declining UK10 year bond prices represented by the blue line overplayed on the GBPUSD price chart suggests rising yields. We can observe in hindsight that the bond correlates inversely to its exchange rate. We have also seen a shift in net positioning of large speculators shift to positive territory. Data from CME group on forex options contracts suggests significant options activity around 1.33500 and 1.33150 for key levels
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bears in control at the moment.