A pound of good bullish potential

Pound may continue to rise against the dollar, as investors gradually abandon the negative predictions. According to analysts Mizuho Corporate Bank, the net short positions of hedge funds and other large speculators fell to 73 850 for the week ending July 28. The number of net long positions of 72 549. Taking into account the fundamental factors so far the market has to be about 100 thousand long positions. The fact that the actual figures have not yet reached this level, suggests that a pound of good growth potential.