Fundamental:
There is limited scope for central bank of England's expectations to erode more in the UK economy. What's more, the Bank of England has been hawkishly posturing itself in line with the ECB (the ECB's gearing up for tapering its asset purchases of Q.E.).
The manufacturing and exports of the UK economy look healthy now despite the valley in Q1. A rate hike is promising going into their August 2018 rate decision.
I expect the exchange rate to follow through and reflect this new and upcoming sentiment in the weeks going forward.
Other currencies to sell against the GBP would be the USD, CHF or the NZD in the medium-to-long run.
There is limited scope for central bank of England's expectations to erode more in the UK economy. What's more, the Bank of England has been hawkishly posturing itself in line with the ECB (the ECB's gearing up for tapering its asset purchases of Q.E.).
The manufacturing and exports of the UK economy look healthy now despite the valley in Q1. A rate hike is promising going into their August 2018 rate decision.
I expect the exchange rate to follow through and reflect this new and upcoming sentiment in the weeks going forward.
Other currencies to sell against the GBP would be the USD, CHF or the NZD in the medium-to-long run.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.