GBPUSD Weekly Technical Outlook: Continuing to Press Higher
The battle between Brexit and US monetary policy continues to play out in GBPUSD but a series of three higher lows may see prices edge higher in the short-term.
The battle between Brexit and US monetary policy continues to play out in GBPUSD but a series of three higher lows may see prices edge higher in the short-term.
We have transitioned out of the liquidity trap of Summer trading conditions, but that hasn’t put us immediately back on the path of a clear trend for the FX and capital markets. With some benchmarks starting to gain traction (the Aussie and indices sliding), how long until the charge reaches the majors?
The Euro may be ready to resume the downtrend against the US Dollar having exhausted a corrective upswing from mid-August lows near the 1.13 figure.