GBP showing little enthusiasm in either direction - BBH

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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