• October 29, 2022
  • Market News
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GBP Fundamental Forecast: BoE and Fed Hikes Threaten GBP Recovery

Recent rate hikes have been positive for USD but not for the pound. Strong US fundamentals also point to lower GBP/USD ahead of more possible US job additions (NFP)

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EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Jun 14 when EUR/CHF traded near 1.04.

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US 500 IG Client Sentiment: Our data shows traders are now net-short US 500 for the first time since Sep 21, 2022 when US 500 traded near 3,767.83.

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