This is a followup to today’s Forex Notes on the Sterling. The BoE released dovish minutes . We see Sterling weakness in the GBP/JPY and GBP/CHF as both stopped their bullish attempts. The GBP/USD however, continued higher after the minutes on the back of a pressured greenback. Finally the EUR/GBP was rallying throughout the European session only to find resistance during the US session.
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Will the Sterling be able to maintain its strength against the Greenback? We would love to hear your opinion.
Fan Yang CMT
Chief Technical Strategist
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