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Playlist: GBPEUR

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3:11
Dollar selloff and BoE tomorrow — #SaxoStrats
John J Hardy
02 August 2017 at 14:14 GMT
1:12
Collins: Sterling and a tale of two pairs
AlanCollins
20 January 2016 at 7:06 GMT
2:53
Pope: How I'm trading GBP amid rate rise chatter
Stephen Pope
22 July 2015 at 11:29 GMT
3:11
Beecroft: Why I'm optimistic about UK Plc
Nick Beecroft
13 May 2015 at 13:18 GMT
1:48
Brooks on Sterling: Why GBP could go either way
Owen Thomas
08 May 2015 at 11:48 GMT
3:11
Beecroft: Sterling on for a pre-election budget bounce
Nick Beecroft
13 March 2015 at 10:02 GMT
2:34
Beecroft: Is now the time to buy GBP?
Nick Beecroft
08 January 2015 at 14:59 GMT
2:43
Beecroft: Why I’m sticking to sterling
Nick Beecroft
20 November 2014 at 7:19 GMT
2:23
Beecroft: Why I'm buying the pound and selling the euro
Nick Beecroft
24 October 2014 at 14:39 GMT
2:48
Beecroft: Bank of England has spring in its step
Nick Beecroft
08 October 2014 at 12:17 GMT
1:37
Sterling: What you need to know this week
Alex Forrest Whiting
08 September 2014 at 9:51 GMT
Video / 08 September 2014 at 9:51 GMT

Sterling: What you need to know this week

Alex Forrest Whiting
More turbulence for sterling as the threat of Scottish independence continues to unsettle markets ahead of the referendum. In early Monday Asian trading, GBPUSD fell to USD 1.6165, its lowest level in 10 months. It follows an opinion poll that put support for independence ahead of staying in the UK for the first time.

Thomas Light from Faraday Research says the political uncertainty has hit Cable as the market struggles to price in the effects of a yes vote. Cable has broken below a key level of support of USD 1.6250. Furthermore Light says prices gapped below this level on Monday morning, which indicates the strength of bearing momentum.

Light’s strategy this week is to take into account that prices have gapped lower. So he advises traders to wait for a retracement into USD 1.6280 in order to close the price gap and then head lower into the next level of support.

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