Tag Archives: GBP

The Pound has failed to benefit from improving economic views toward the US and perhaps some of theinitial pressure today comes from the surprise decline in Halifax March House prices.

The Pound also appears to have lost favor and has seen some chart damage overnight. DisappointingUK service sector PMI growth and news that consumer credit-card borrowing was off sharply,

The Pound forged an inside range early today, with prices gradually sliding down and away from theMonday highs. With the Pound supposedly falling back in the wake of “slower growth” in home prices for March,

The Pound has generally clawed out positive action on the charts over the last two weeks, but thePound is under initial pressure this morning because of disappointing

While the Pound is being held back by strength in the Euro and Swiss, generally positive globaleconomic views have left the Pound sitting just under the recent highs.

The path of least resistance is pointing upward in the Pound, as a shift toward macro economic optimism was seen in the wake of stimulus promises from the Chinese.

The Pound has regained its leadership status with sharp gains on the charts overnight, but positive UKretail sales readings have clearly given the Pound a more definitive edge in

We think the Pound has forged an interim low and that the March downtrend pattern is poised to bereversed. In fact, comments from the BOE overnight that wage growth is starting to pick up,