GBP showing little enthusiasm in either direction - BBH
|Research Team at BBH, notes that the Sterling poked back above $1.30 yesterday but is struggling to find much traction as it is straddling that level today.
Key Quotes
“It is showing little enthusiasm in either direction.
We note that the dollar-bloc currencies are under a little pressure. The Australian dollar remains the most resilient, but it is vulnerable to a bout of profit-taking on the 2.5 cent run-up since mid-month as the $0.7700 is approached. Over the past six weeks, it has flirted with this level, but only managed to close above it once.”
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