Sterling With little data out the UK the Sterling Pound tracked other currencies gaining 1% against broadly weaker dollar. Looking ahead today are the MPC minutes to be released with markets expecting an 8-1 split of the April rate decision to hold at 5.00%
Tech View:
pound is expected to move sideways for the day with the trading range expected between 1.9640-1.9740 levels for the day. currency has its support at 1.9620 levels and holds resistance at 1.9760 levels .Chart pattern shows an formation of inverted head and shoulder formation giving confirmation on the bull trend. Momentum and RSI is also supporting the bull trend.
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