Morgan Stanley Warning: Call Bets Reach Record High, British Pound Gains at Risk.

JPMorgan warns that as the call bet on the British pound climbs to historic highs, the strong rise in the British pound may face a downturn.

Zhitong Finance08:02 ET

Why is the Federal Reserve still dragging its feet when the global market is eagerly awaiting an interest rate cut?

The Federal Reserve is waiting for more data to show that inflation is steadily decreasing, but excessive delays may lead to economic decline. Analysts believe that if the Federal Reserve continues to hold steady in July, a rate cut in September will be a "done deal".

wallstreetcn06:03 ET

GBP/USD: Scope for a Rebound Towards 1.2980 – UOB Group

Scope for the Pound Sterling (GBP) to rebound, but any advance is unlikely to reach 1.2980, otherwise it is likely to consolidate between 1.2850 and 1.3020 for the time being, UOB Group FX strategists Quek Ser Leang and Peter Chia note.

FXStreet04:50 ET

Sterling's Strength May Not Last -- Market Talk

Sterling's recent gains reflect sticky U.K. inflation, limited market pricing of Bank of England interest rate cuts and a weaker dollar after softer U.S. prices data but this strength may not last, ING says. "We are still officially looking for three BOE rate cuts this year (versus two currently priced) and when the U.K. data allows it, we think sterling will come lower," ING analyst Chris Turner says in a note. The BOE's August meeting will be the first big opportunity since the U.K. general election to hear what it's really thinking, which is another "downside risk" to sterling, he says. Sterling rises 0.1% to $1.2923 against the dollar and the euro falls 0.1% to 0.8425 versus sterling.

WSJ04:35 ET

Retail Trader Sentiment Analysis – FTSE 100, GBP/USD, and EUR/GBP

DailyFX03:54 ET

Pound Sterling Remains on Defensive as Poor UK Retail Sales Prompt BoE Rate-cut Bets

The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session.

FXStreet03:42 ET