Cocoa and the Pound

By: Peter Mooses of RJO Futures

With possible signs of tightening in supplies out of West Africa we’ve seen cocoa rebound this week. July cocoa gave back some of its gains today though as we saw the British Pound take off. The Pound was up as we waited for news from the ECB. When news broke that the ECB left interest rates unchanged today for the sixth straight month the markets were given a lift. After May’s sell off in the Pound there is plenty of upside potential to get back up to April’s levels. Continue reading "Cocoa and the Pound"