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Sterling Sell-Off Reaccelerates

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 6, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Yesterday, the global risk-off trade via EUR/JPY also pushed EUR/USD and USD/JPY south. Overnight, the risk-off trade deepened, continuing yesterday’s correction. Sterling is hit very hard, with cable again setting the 31-year low. A breather on the recent sterling decline is likely. However, the trend remains firmly south.[​IMG]

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