Relevant articles for you


Brent may have survived the first test of its defences at the the $50/barrel mark, but with Opec running out of firepower and Libya coming back online, it might only be a matter of time. Meanwhile, last-ditch negotiations could rescue Trump's healthcare plan.
Squawk / 30 August 2016 at 10:28 GMT
Blogger / MoreLiver's Daily
The European Commission released today the Economic Sentiment Index for Europe. UK's data does not show any Brexit-calamities. The subindices recovered part of July's losses, and only the construction sector is "scared".

So now we have strong employment, strong retailing data, strong lending data and persistent sentiment levels. It could be that the Bank of England will not have to ease monetary policy further, which would help GBP.

I would be on the lookout to go long GBPUSD, especially as technicals support the view of a short-term bounce.
30 August
Juhani Huopainen Juhani Huopainen
GBPUSD failed to take out the "double bottom's" resistance level around 1.3120 - seems probable this is becoming a horizontal trading range 1.3060-1.3120.


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