I closed out my short sterling position on 13 May (see here for original trade analysis and here for close post), following the release of the BoE’s Inflation Report. I was concerned that the BoE was taking a more dovish tone and that the risk/reward to the front end was shifting. Having spent some time … More Trade review: short sterling

I argued after the BoE’s February Inflation Report that they were closer to hiking than you might think (here). Since then market pricing has seen the expected timing of the first rate hike get pushed further out to around Sept/Oct 2016, from around April 2016. So what has happened in the past three weeks, and should … More Trade idea: sell short sterling from Dec-15 out to Jun-16