The British pound is sharply lower on Thursday as the US dollar has rebounded against the major currencies. In the North American session, GBP/USD is trading at 1.1787, down 1.07%. We continue to see sharp swings from the pound in November.
Jeremy Hunt's Autumn Statement was much more in keeping with the difficult economic times than the ill-fated mini-budget...
GBPJPY
Intraday - We look to Sell at 168.00 (stop at 169.40)
We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a...
