Fundamental view: The British pound has rallied significantly during the course of the week, reaching towards the 1.30 level above. That is a large, round, psychologically significant figure and of course that is something that will catch a lot of attention. Britain Claimant Count Change, Average Earnings Index on 15th September, US TIC Long-Term Purchases on 17th September [...]
Fundamental view: The British pound fell in the previous week .UK presented draft legislation that upends some of the Brexit Withdrawal Agreement, and the EU responded angrily. The news overwhelmed everything else and pounded the pound. Britain Halifax HPI on 11th Sept favored uptrend for the pair whereas US JOLTS Job Openings on 9th Sept and US [...]
Fundamental view: The British pound tried to form rally in the week initially but later fell down to 1.3 levels. Britain Nationwide HPI on 1st Sept and Britain Nationwide HPI monthly report on 2nd Sept created an uptrend for the pair whereas US Factory Orders monthly report on 2nd Sept and Britain Construction PMI on [...]
Fundamental view: The British pound has shown itself to be resilient in the last week, breaking to a fresh, new high, before giving back some of the gains Britain CBI Realized Sales on 25th August and US Prelim GDP quarterly report on 27th Aug created a bearish trend for the pair whereas US CB Consumer Confidence on [...]
