The Sterling's recovery against the Dollar from 1.5830 in the European session has continued after the US opening bell to break 1.5910 previous resistance and MA55 periods in the 60 minutes chart at 1.5960 to reach fresh intra-day high at 1.5990.
Currently the pair is trading around 1.5960/70, rising 0.40% so far today from opening price action at 1.5900.
According to Andrew Wilkinson, analyst in Interactive Brokers, Gordon Brown, Prime Minister in UK, has undermined the pound with his recent speech.
No comments:
Post a Comment