Monthly archive November, 2016

While October was certainly a month for the ‘hard’ Brexit camp and GBP bears, we are unconvinced that the negative pound sentiment on ‘hard’ Brexit will prove sustainable. So we are maintaining our forecasts of a pound rebound going forward.

The dollar gave up its initial gains on Tuesday as the last days of the contentious US presidential campaign draw closer which overshadowed other major market events, and forex investors weighed the latest concerns about an FBI investigation into Hillary Read More →

EUR/USD: Neutral: Rebound has scope to extend to 1.1040.

The current movement is viewed as corrective rebound which has scope to extend further to 1.1040. At this stage, a sustained move above this level seems unlikely. That said, the Read More →