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Sterling: Expectation For Additional Dips Ahead of Local Data

Jun 21 2017, 01:23 AM (CDT) |

FxGrow Daily Technical Analysis – 21st June, 2017
By FxGrow Research & Analysis Team

Sterling: Expectation For Additional Dips Ahead of Local Data

GBP/USD remains under threat after hung Parliament election. The pair awaited yesterday for a hawkish stance by BOE Carney, but as the Gov. terminated the possibility of potential rate hikes, the cable dropped pressure with 155-pips yesterday landing on 1.2603 low. on the other hand, PM May latest news indicates that Conservatives have failed to reach out to DUP Party with a deal to control Parliament seats majority ahead of spiky Brexit negotiations which adds more pressure on Pound.

Sterling awaits local Sector Net Borrowing data, followed by Haldane speech this after noon, but the above ...

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