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GBP Ticks Up As Theresa May Unveils New Government

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 14, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The pound sterling reversed yesterday’s losses against the US dollar, finding a strong support at around 1.3121 (low from June 27th), as Theresa May unveiled her new government. GBP/USD bounced 0.68% to 1.3236 from 1.3147; however we think that the pound is capped by the upcoming BoE interest rate decision,[​IMG]

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