The current rally in the pound is unlikely to last, according to Commerzbank’s technical analyst Karen Jones, who thinks the euro will push higher versus sterling in the near term to a target at 0.8815.
August 24,2016
After week’s of decline Pound Sterling has finally managed to outperform some of its key rivals.
August 21,2016
The pound to Indian rupee may have gained some ground in recent day’s due to the higher-than-expected UK Retail Sales data released on Thursday and concerns about Reserve Bank of India governor Rajan’s successor, but the pair has also formed a very bearish chart pattern which bodes ill longer-term.
August 19,2016
Pound Sterling (GBP) faces another set of headline data today in the form of UK retail sales.
August 22,2016
Sterling has taken a hell of a pounding on the ropes of late, however, both technically and fundamentally there are signs a recovery could be on the horizon, and an aged fighter’s bleary, bloodshot, half-opening eye is signalling there is still life in the old veteran yet.
August 23,2016
UK inflation is on the rise according to the latest data from the Office for National Statistics, and GBP has risen obligingly.
August 17,2016
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