The British pound hit a post-Brexit low and the lowest level since 1985 against the U.S. dollar today as worries around a Brexit hard landing continue. The timeline for the U.K. leaving the EU became clear over the weekend when British …
Notes:The sterling has made an impressive outside day reversal off the yearly low-day close (LDC) with the rally breaching above the weekly opening range high. The break shifts the scalp focus to the topside while above the 1.51-handle with …
Looking for more FX Reversals? Sign up for my email list here: SIGN UP HERE The GBPUSD has moved to range support after this morning’s PPI data release. PPI Ex Food and Energy (MOM) came in at 0.1% as forecasted, which …
Pound bullishness exploded on the session despite a rather dovish quarterly inflation report by the Bank of England. Giving a relatively benign assessment of the current inflationary environment, the Bank of England report was disregarded …