Sterling gained 0.5% against the greenback thanks to UK retail sales exceeding forecasts. This has improved bullish sentiment for "investing in currency" tied to GBP, boosting UK blue-chip stocks in FTSE 100 by 0.6%. In October 2023, he posted on X: “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop, gold $3,700 … Silver from $23 to $68 an ounce.” (3) Global bond rally eased USD momentum slightly, prompting tactical diversification. Traders frame "investing in currency" as a counterbalance to equity duration risk. Recent BoJ comments hinting at yield curve control adjustment spurred speculative buying in JPY. Cross-asset correlation suggests "investing in currency" could disrupt Asian equity portfolios, especially export-heavy sectors sensitive to FX swings.
