GBP will be vulnerable whilst geo-political uncertainties continue

In the short-term, the overly long GBP market will remain vulnerable to squeezes whilst the geo-political tensions surrounding Ukraine continue. One can make a strong medium-term case for being long GBP whilst the situation is ongoing but in the short-term it will be all about positioning.

Look to pairs like GBP/CAD and GBP/AUD for some opportunities.