GBP/USD: Next leg higher not happen until next year – CIBC:

Examiners at CIBC contend that the Pound is sitting tight for the following political move. They see don’t see a move altogether higher in GBP/USD during the present year.

A couple of months back, negative positioning against sterling proposed that a no-deal Brexit may, at that stage, have been the base case for money merchants.

 

Source: https://www.fxstreet.com/