Possible continued strength of the USD against the GBP. Fundamentally I can see this happening over the coming weeks. Neither countries are posting outstanding economic results, but the USD has the added bonus that the Fed are currently in a rate hiking cycle.
(this is my first multi-chart post, hope all goes well )) Good morning! I would like to share my longer term look at USDGBP, understand its future movements and relate the movement in this pair to other currencies and gold. USDGBP collapsed from 2.11 to 1.35 in 2008 in a large impulsive A wave. What followed after was a multi-year congestion in which we continue...