Remains vulnerable to slide further

  A modest USD profit-taking assisted GBP/USD to reverse an intraday dip to sub-1.3600 levels. Acceptance below 200-day SMA might have already set the stage for a further near-term decline. Any attempted recovery move is more likely to remain capped near the 1.3700 round-figure mark. The GBP/USD pair once againRead More →

Now that his conservative party has won the UK election in a landslide victory, triumphant prime minister Boris Johnson can turn his attention and energy to the economy. And the next five years will be marked by the opposing effects of his party’s policies, which on the upside should boostRead More →