GBPUSD Macro Review 8/9/19

This week was marked by lack of data releases and low volumes. Some markets indicators entrenched themselves further into last weeks market shifts while other corrected. Shifting relative measures seem to indicate that the weeks moves in the Pound Dollar may have been exaggerated and a correction could be on the horizon.

Gold gains against Dollar, while not a currency flight, indicates increasing fear in the market.

Interest rate story largely the same as last week as lack of news leads to increased treasury investment. Short end Gilt yields did reverse and see increases however, causing relative spreads to continue closing.

UK GDP growth fell again, continue the trend of a slowing growth.

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