Aangsunu's Blog

British Pound Rally: In the Right Place at the Right Time

Posted by aangsunu on 16 July 2010

source : dailyfx


The British pound put in for a remarkable performance today; but there was very little of fundamental value to encourage this move. We can partly attribute this advance to the development in underlying sentiment (there is a sense of stability here given the government’s financial efforts); but there is likely also a component of shared performance with the euro – given the financial and economic ties the two share.

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