USD weakness means positive Gain
The firm's stance on the dollar's demise was primarily backed by the interest rate differentials between the UK and Europe, according to Tim O'Sullivan, chief trader at Gain Capital in New York.
"Hawkish commentary from the Bank of England and the European Central Bank, especially over recent months, was lending credence to our argument," O'Sullivan said. "Furthermore, twin US current account and trade deficits were soaring to record levels. These were cited as problematic by numerous economists
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