Stiff upper lip or fat lip?
It’s crunch time in the UK. Prime Minister Theresa May’s “stiff upper lip” could become a “fat lip” if she is unable to convince a majority of MPs to back her Brexit plan.
Head of Commodity Strategy
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Despite some emerging signs of consolidation speculators nevertheless increased their bullish dollar bets against nine IMM currency futures by a net 8,000 lots, or $0.3bn, to $24.5bn in the week to August 21. This was the week where the dollar retraced some of its recent gains after President Trump went on the attack against Federal Reserve chair Jerome Powell for raising rates and thereby supporting the stronger dollar.