• 2017 Conviction Macro Call – It’s time to buy the Great British Pound

    January 8, 2017 | Posted by

    By Richard Jennings, CFA The last time we were bullish of the pound was in spring 2016 and although we caught a sharp upward move against the Aussie dollar in the days after the piece, the Brexit vote turned everything on its head. Fast forward to the dawn of 2017 and we again believe that it […]

  • British Pound sentiment reaches all time low providing renewed buying opportunity

    August 13, 2016 | Posted by

    By Richard Jennings, CFA  Figures released this Friday on the market positioning of participants in the currency futures market – the so called COT positioning revealed a new all time high in the net short by speculators (the other side of the short sales are the “commercials”) reaching some 90,082 contracts and open interest being […]