The Pound continues to lose its Brexit boost as lockdown bites and the battle against rising cases/deaths due to the new 'virus variant' mounts awaiting more widespread vaccinations, with Cable striving to maintain sight of 1.3550 and Eur/Gbp pivoting 0.9050. Pound strength is prevailing month on month and I have marked in the zone region in which I am looking for a rebound to consider buying the pair again just like before Christmas.
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Note
Sterling is ‘outperforming’, though marginally and more on the back of retrenchment rather than anything fundamental or a change in fortunes for the Pound that remains hampered by the Brexit hangover and battle to stop the pandemic in its new and increasingly infectious guise. Hence, Cable has not been able to convincingly regain grip of the 1.3600 handle and Eur/Gbp extend beyond 0.9000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.