Analysis / Daily / Finance / forex / Money

Another Crack in the Facade Hits Dollar

Sterling rose to a two-month high against the dollar on Wednesday, just days before a British election that has so far put little of the expected pressure on UK markets. Most polls show the Conservatives and the opposition Labour Party neck-and-neck before the May 7 election, making a hung parliament likely. A month of uncertainty … Continue reading

Analysis / Daily / Finance / forex

Sterling continues to gain, hits eight week high

Despite the weaker-than-expected U.K. Gross Domestic Product (GDP) report, GBP/USD continues to carve higher highs & lows as the bullish RSI momentum gathers pace. The pound dipped firstly against the dollar yesterday after data showed that U.K. economic growth slowed more sharply than expected in the first three months of the year. However, the pair … Continue reading