The Pound bounced back against the Dollar on Wednesday after reports that Nicola Sturgeon could decide to drop her plan to automatically remain with the EU if Scotland voted to leave the UK.
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A major obstacle to further downside is also the S2 monthly pivot at 1.2118, and this would have to be breached for us to have confidence of the bear trend extending.
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The USD/JPY has been rising sharply since a run of positive data and remarks from Federal reserve officials all but sealed the chances of the Fed increasing interest rates at their March 15 m…
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The US Dollar weakened in the aftermath of the long-awaited US labour report on Friday as salaries disappointed.
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GBP/USD is moving lower as Sterling starts to unravel following the Chancellor’s budget speech on Wednesday.
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GBP/USD is in a short-term downtrend on the four-hour chart which may take it down to support at the S2 monthly pivot at 1.2120.
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The Pound to Dollar exchange rate, or “Cable” as it is known amongst traders, is vastly overvalued and therefore a prime candidate for selling, says J P Morgan strategist Paul Meggyesi in a recent …
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