Trade n Trend

Home » Pound » UK Sterling remained under pressure..

UK Sterling remained under pressure..


GBP/USD spot remains vulnerable and entrenched in its bearish perspective against the backdrop of the increasing uncertainty surrounding the outcome of the June referendum, meandering the area of low levels last seen in mid-2009 and with gains so far limited to the 1.4000 neighborhood.

Focus UK’s Economic Data

The GBP/USD pair will be UK’s Net Lending to Individuals, Consumer Credit, M4 Money Supply and Mortgage Approvals. On the other side of the Atlantic, US Pending Home Sales and Chicago PMI will grab all the attention.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: