Upside bias remains for GBP/USD!...
Sterling has made a partial recovery to reclaim 1.4100+ and 0.8600+ status vs the Buck and Euro respectively, as it tentatively moves in wake of firmer than forecast UK CPI data (headline and core).
However, the Pound is also weighing up and being hampered by the ongoing rift on NI protocol with the EU, as remarks from Frost indicate little sign of a compromise.
Recent daily fibonacci levels have been met and upside is now expected in alignment with dollar weakness heading into the later part of this week.
However, the Pound is also weighing up and being hampered by the ongoing rift on NI protocol with the EU, as remarks from Frost indicate little sign of a compromise.
Recent daily fibonacci levels have been met and upside is now expected in alignment with dollar weakness heading into the later part of this week.
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