Why is everyone buying the dollar hype while Cable looks like a giant trap?

VertexProfit

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Sep 21, 2026
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Everyone and their nan is suddenly back to screaming King Dollar just because Fed repricing is back on the menu, while acting like the Pound edging up today means Sterling is somehow finding real demand. Ngl, it feels like pure retail herd mentality right now. Traders are happily chasing green USD candles at local resistance, convinced the Fed can keep pulling off this hawkish narrative forever without breaking something under the hood.

Meanwhile, folks are watching the Pound nudge higher against the euro and convincing themselves the worst is behind us. Come on, mate. UK macro hasn't magically turned a corner overnight, and this pathetic little bounce looks like classic liquidity hunting before the floor drops out. Chasing USD momentum up here feels like peak FOMO, but trusting Sterling strength feels even more delusional.

Are you guys actually loading up on dollar longs at these levels, or is anyone else looking to fade this entire move?
 

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