GBP Oversold Levels

British Pound Short Squeeze Imminent, HF Short Yen Trade cools: BAML

British pound is at oversold levels, hinting an impending short squeeze when the oversold positions are squeezed out. This is one of the conclusions that are drawn by BAML's macro monitor. BofA clients have been selling British pound positions and as British pound rallies against the USD, stakes in GBP will be reclaimed by hedge funds. Research concludes that this would be a good time to enter the GBP trade as outflows reverse. BAML also notes that so far the short bets on GBP/USD . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 11/30/2019 or after next 25 13 subscribers take advantage whichever comes first – please do not share this discount with others