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Pound Sterling: GBP Technical Outlook Starts to Improve vs USD and EUR
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Pound Sterling: GBP Technical Outlook Starts to Improve vs USD and EUR
Mar 22, 2024 2:19 AM

Last Updated: 04 April 2014

Updated: The GBP is an underperformer on the first Friday of April. With US Non-Farm Payrolls coming out in support of the commodity dollar complex we are seeing the UK currency suffer against the likes of the AUD, CAD and NZD. The unit is stable against the USD and EUR.

Those hoping for the pound sterling uptrend to re-establish itself will be disappointed. The deterioration in the GBP-CAD uptrend (image at righ) is representative of the malaise being seen by many of the CAD crosses.

Keep in touch with our Live Coverage Here. For the archived material for the day in question please scroll through please scroll down.

By Gary Howes

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