The British Pound fell to its lowest level since October against the Euro as investors continue to fret that the UK might end up leaving the European Union with no concrete agreement for future economic ties in place. Europe’s common currency breached the key psychologically level of GBP 0.9000 earlier on Wednesday, rallying to as high as GBP 0.9018 amid a bout of aggressive buying. Investors have turned increasingly bearish on Sterling as the Brexit deadline of March 2019 approaches. The latest figures from the US Commodity Futures Trading Commission suggests that both asset managers and leveraged funds are adding to their short positions.
RBNZ Pushes Back Rate Hike Timeline
Daily Analysis - 09/08/2018