Pound Sterling lost ground against both the Euro and Dollar in the week 5-9 September, snapping a run of three weeks of positive performances against both currencies.
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London traded nearly twice as much currency than did New York according the latest data on foreign exchange markets provided by the Bank for International Settlements.
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What are the key levels to watch ahead of the ECB’s meeting, and where could the pair end up depending on different scenarios and outcomes?
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Pound Sterling has turned lower as the recent rally is pared back from overbought conditions.
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The GBP/INR pair is showing upside potential in the short term after breaking above the neckline of a double bottom basing pattern on the daily chart, however, bulls should be cautious as outlook l…
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Mid-week sees Pound Sterling tested by the appearance before the Treasury Select Committee of members of the Bank of England’s Monetary Policy Committee.
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Italian lender Unicredit have released a note saying they are closing their short trading positions on GBP/USD, in another symptom of the panic short-covering which is fuelling sterling’s rally hig…
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