The Pound remains trading higher, supported by improved market confidence, and moving at 3-month highs above 1.5470, with room for further appreciation, according to technical analyst at Commerzbank. The Sterling is biased to the upside, trading on an uptrend channel from May lows, targeting 1.5525/60 area, says Jones: ‘Short to

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Momentum Holds USD While GBP Continue To Mount

Sterling continues to ride on last week’s post GDP upside surprise rally and extends gain against dollar. While there are doubts on the methodology of the European bank stress test, the pound is also supported by the fact that out of the 7 banks which failed the test, none of

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Daily Report: Sterling Extends Recent Rally, Dollar and Yen Soft

This week the euro continued its rally against the US dollar and against most commodity and emerging market currencies. The majority of European currencies have managed to hold their ground versus the euro some (such as the pound Sterling and the Scandinavian currencies) more than others (e.g.

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US Growth Doubts Weigh on Dollar