The sterling pound (GBP) rises 0.3% against the US dollar (USD) and is an average yield between the G10 currencies, since it extends its profits by seventh consecutive session and approaches its previous maximums (September) around 1.34, says the head of FX de Scotiabank, Shaun Osborne.
Commercial distension is positive for GBP
“The publication of the March CPI disappointed slightly in the holder (2.6% year -on -year compared to 2.7% year -on -year expected) and was as expected in the nucleus (3.4%). Commercial tensions also remain a critical factor for the GBP.”
“The gbp/USD profits have extended by seventh consecutive session and the impulse is still upward with a RSI near the overcompra threshold in 70. We expect short -term resistance around 1.33, and beyond that, the maximum of September around 1.34. Short -term support is expected between 1,3220 and 1,32.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
