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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The new week kicks off with market focus turning to the release of the IHS Markit and the CIPS Services PMI.
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The pound surged on Thursday after Manufacturing PMI came out well above expectations in August, easily beating the 49.0 forecast, and revealing yet more underlying resilience in the UK economy pos…
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The rally in Pound Sterling against its major counterparts has offered welcome relief to those with outstanding international payments, but we are told not to expect the trend to continue.
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