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GBP/USD COT Outlook: week from 30.06.2014

GBPUSD Weekly Change 24-Jun-14 17-Jun-14 10-Jun-14
Net Non-Commercial Positions -2,845 49,751 52,596 35,842
Price 109 1.6995 1.6886 1.6776
Open Interest 4,138 254,369 250,231 271,602

**GBPUSD OUTLOOK: Bullish with caution**

Sterling continues to win but is now finding its feet at the 1.7000 level. Mark Carney continues to sweet talk the market and promising the market some movement in interests sooner than expected, however with a meeting with the government this week, he did end up with egg on his face as once again he retract another comment he has made previously. Cautious does need to be exercised with this pair and it is at level which haven’t been seen in such a long time.
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