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Sterlings Stunning Descent

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    It’s been one bad day after the other for the Sterling, which has dropped nearly 6 per cent against the greenback and over 10 per cent against the Yen since the start of December. While much of the Sterling’s route is as much about overall risk trends as domestic drivers, its clear the United Kingdom and its economic fortunes have been and remain less than inspiring. Further evidence of its dour outlook were seen overnight with Bank of England Governor, Mark Carney expressing his view that

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