The Pound sterling (GBP) enters the American session of flat Tuesday in front of the Dollar American (USD) and also shows its first signals of meaningful force after the recoil since its maximum of July 1, the FX Chief Strategies of Scotiabank, Shaun Osborne and Eric Theoret report.
Libra is negotiated flat in the daily chart
“The second -category fiscal data revealed a indebtedness greater than expected in June, and the comments of the governor of the BOE, Bailey, have touched the issue by highlighting the impact of fiscal policy on the slope of the curve. The short -term rates perspective continues to value around a 25 basic points cut for August and an accumulated total of 50 basic points by the end of the year.”
“The RSI is around 50, but it has not yet managed to return to decidedly bullish territory. The short -term approach is in the 50 -day mobile average (1,3518) and we see a limited range between the 1,3450 support and the resistance of 1,3520.”
Source: Fx Street
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