From TradingView · · 40s
Sterling Reprices Higher
Sterling rebounds as UK rate expectations strengthen.
In brief
Sterling rebounds as UK rate expectations strengthen. Sterling gains value as UK rate expectations strengthen and dollar yields weaken. Originally reported by TradingView.
Sterling recovery
Sterling rebounds after recent UK labour data shows 3.7% wage growth and 4.7% unemployment.
Market structure
Sterling trades around 1.3374 after recovering from lower demand area.
Rate expectations
Bank of England highlights inflation risks while UK rate expectations remain firm.
Dollar pressure
Dollar loses support from U.S. Treasury yields creating favorable relative-rate environment.
Price targets
1.3312 holds for recovery; 1.3406 and 1.3493 next resistance levels.
The headline
Sterling gains value as UK rate expectations strengthen and dollar yields weaken.
