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The US has been slowly re-opening after COVID. Meanwhile, while the UK has "modest" easing plans, they are still a bit behind on re-opening. This truism and a bearish trend for GBPUSD has us looking to short the pound and collect some of those sweet sweet US dollars. Overall we...
IMO Mark Carney was very dovish on the margin, certainly reinforcing their/ my view of an August cut being 90% on the table. The most supportive statements were "MonPol Important In Cushioning Effects Of Any Relapse In Recovery In Months & Quarters Ahead", "The MPC Does Not Have The ''Luxury '' and "More Should Be Done To Cushion The Effects Of Negative Shocks" -...
