We have been warning over the past 24 hours that a number of key GBP pairs were looking incredibly overbought, and that a correction lower would be required to balance the market.
May 23,2016
Pound sterling has made a fresh bid for fresh highs courtesy of data that confirms suggestions that that UK economy is slowing down is an exaggeration.
May 19,2016
Recent pound sterling gains look more sustainable in the wage of news wages and employment data have beaten analyst expectations in mid-week.
May 18,2016
Pound sterling enjoyed a strong recovery through April but gains have since stalled, and under-par data releases have certainly played their part.
May 17,2016
Pound sterling was a winner of what was arguably the most anticipated Bank of England inflation reports of recent times.
May 13,2016
The past two weeks have confirmed the British pound is definitely not at its April best; the main reason for this underperformance is probably not what most people would expect.
May 13,2016
One analyst describes Thursday’s Bank of England event as a “colossal risk event for sterling” - we would agree that it is a risk, but colossal may be a little extreme.
May 12,2016
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