With a bearish structure on the weekly chart and potential H&S top on the daily, we’re looking for an eventual breakdown.
Like him or loathe him, Boris Johnson is on track for the biggest election win since Margaret Thatcher, which is some feat given how polarised the Brexit debate has always been.
With the Fed widely expected to cut rates later today, we take a look at market returns for FX majors, commodities and the S&P500 following such an event. Using Fed Funds data from 1971, we filtered the Fed… Read More
Source: Eikon, City Index To be more precise, GBP/USD has actually closed to a 25-month low. But having recently tested how the S&P500 responded to its 52-week milestone, we extend our curiosity the cable.
We highlighted in January that a defiant cable could be carving out its low for the year, and price action on EUR/GBP now also points towards Sterling strength.
