The British pound lost approximately 1.79 percent against the greenback this week as the European debt concerns continue to rattle the markets, while the fundamental developments in the U.K. begin to paint a bearish picture for the pound.
Investors were encouraged recently because small businesses had turned optimistic. Yet the level of optimism is still lower than it was in the last 20 years.
The US dollar rallied against almost all G10 currencies despite a strong week for risk as the S&P 500 closed at fresh multi-year highs through Friday's close.
Copyright 2024 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.