Pound Technical News Today

Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam

The Pound is holding above 1.2400 but is under clear pressure and the bulls will have a fight on their hands to keep it above that psychologically important level this week.

The British Pound heads into a new trading week under pressure against the United States Dollar as once-reliable monetary-policy support continues to ebb.

Sterling has benefited from the Bank of England’s clear lack of urgency to move borrowing costs either way. In a data-light week that support will probably stick

The Pound has been quite resilient to economic shocks, probably because they haven’t moved the dial on interest-rate views

Sterling is back above 1.2700 against the US dollar as UK interest rate cut expectations ease. Thursday’s US inflation report may add volatility to the pair.

Sterling is drifting lower against a range of currencies and this looks likely to continue next week