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Sterling bulls pursue CPI lifeline

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Sterling/Dollar unexpectedly surged during trading on Monday and this has nothing to do with an improved sentiment towards the Pound, but ongoing Dollar weakness from diminishing US rate hike expectations. Since the start of the year, the Sterling has been victim to a vicious sell-off from the intensifying Brexit concerns while risk aversion continues to haunt investor attraction consequently leaving prices heavily depressed. Sentiment is clearly bearish towards the Pound and the bears

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