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Sterling stutters as FTSE rises

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Sterling stutters as FTSE rises. By Brenda Kelly Boris Johnson advocating that Britain leaves the EU doesn’t necessarily strengthening the case for that side but the effect is definitely most visible in the FX space. Sterling has shed 1.5% against the dollar this morning alone. While UK businesses, particularly those with international trade and exposure to currency movements have bemoaned the strength of the pound and the effect on profit margins, a weak currency based on a lack of confidence

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