The sterling pound (GBP) is weak, lowering 0.3% against the US dollar (USD) and surrending in front of most of the G10 currencies in a quiet and mixed trade, says the head of FX strategy of ScotiabankShaun Osborne.
The RSI is firmly maintained in upward territory above 60
“The weakness follows Tuesday’s decline since the new maximum of several years of this week and it is likely to be just a respite while the markets expect new catalysts. National publications have been limited and the data calendar remains empty before the BOE policy decision of the next week and the expected reduction of 25 basic points.”
“We are still bulls above 1,3300 And we notice that the RSI is firmly maintained in Alcista territory above 60. The several -month bullish channel also remains intact in the absence of a rupture of its lower limit just below 1,2900. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
