Sterling drops further across the board as the week starts on concern of the political situation in UK as well as speculation of more quantitative easing from BoE. An opinion poll out on Sunday suggested inconclusive result in this year’s general election even though, the ruling Labour Party could remain…

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Daily Report: Sterling Broadly Lower on Political Concern

Sterling drops further across the board as the week starts on concern of the political situation in UK as well as speculation of more quantitative easing from BoE.

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Daily Report: Sterling Broadly Lower on Political Concern

As the British pound has remained under pressure, suggesting recent decline is still in progress and weakness towards 1.5087 (61.8% projection of 1.5575 to 1.5187 measuring from 1.5327) is likely, however, oversold condition would prevent sharp fall below 1.4999 (61.8% projection of 1.6277 to 1.5345 measuring from 1.5575) and bring…

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Trade Idea: GBP/USD - Sell At 1.5300