Elliot Wave–based technical analysis suggests that there is further downside for GBPUSD. GBPUSD started a 5- wave structure from its 2.1072 peak in November 2007 and is currently in the 5 wave.

Downside momentum appears particularly as this 5 Read More →

Markets are held hostage by the lingering political and economic uncertainty in the UK. The Brexit trades still attract considerable interest with the GBP TWI having hit fresh multi-year lows recently. In addition, all European G10 currencies bar CHF tended Read More →

Key Points

• The euro weakened against the US dollar recently, and looks set for more losses in Read More →

Key Points

• The British Pound after a nasty fall against the Swiss Franc towards the 1.2510 found Read More →