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Pound rallies to the bottom, FTSE down

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The UK is watching the pound losing ground on Brexit risks and the rally toward the bottom is certainly not over. The pound traded below the 1.40 mark against the US dollar for the first time in seven years, the euro-pound surged to 0.78876.The Brexit risks continue weighing on the pound as leading names including Morgan Stanley and Societe Generale call for a possible pound depreciation toward the 1.30 level versus the dollar. The FTSE is again in bears’ hands. All sectors are trading in the

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