British Pound Sterling climbs on a problem it has worse

Sterling holds just above 1.3600 into the North American afternoon, marginally lower on the day and inside a range of barely 35 pips, having printed a five-month high short of 1.3700 late last week. The August advance has added roughly four cents from the early-August base, and it has done so with almost nothing arriving from Britain to justify it.That…

British Pound Forecast: CACIB Says GBP Is Overbought After Four-Week Rally

Pound Sterling's four-week rally has left positioning stretched, prompting Crédit Agricole to re-enter a short GBP/USD trade near six-month highs. The Pound to Dollar (GBP/USD) exchange rate slipped to around 1.3626 on Monday after Friday's push to a six-month high near 1.3675. Latest — Exchange Rates: Pound to Dollar (GBP/USD): 1.362916 (-0.11%) Euro to Dollar (EUR/USD): 1.166205 (-0.13%) Dollar to…

Pound Sterling Price News and Forecast: GBP holds near six-month highs

British Pound holds near six-month highs as debt woes keep US Dollar rallies shallowThe British Pound (GBP) holds mild gains for the fourth consecutive day against the US Dollar (USD) on a calm Monday session, as ongoing concerns about the US Treasury’s bond buyback plans keep US Dollar bulls subdued. The GBP/USD pair is trading at the midrange of the…

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