GBPUSD The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 60, suggesting that the bullish bias remains intact. On the upside, 1.3630 (static level) aligns as an immediate resistance level ahead of 1.3700 (static level, round level) and 1.3740 (static level).
GBPUSD GBP/USD holds its winning streak for the fourth successive session, trading above 1.3700 in the European session on Thursday. The pair hangs close to three-year highs amid sustained US Dollar weakness, in light of US President Trump's fresh attack on the Fed's credibility. US data and BoE-speak awaited.
GBPUSD Rachel "from accounts" strikes again ! This is basically because attempts to save 10 billion over 5 yrs (or something similar) have totally failed and government has shambolically U-turned. The movement in the pound is not so much the failure of this policy but more the inevitability of tax-rises which another government pledge that will mostly likey be U-turned on. Tax-rises will mean lower projected growth hence the sharp move in the pound. Also this both brings into question the Exchequer's (Rachael Reeves) position and the governments own credibility into quesiton especially over their claimed "fiscal responsibillity".