The Sterling has climbed to highs against the USD and finds itself within a historically known value. Like the EUR the GBP does have many issues that have not gone away regarding its own financial foundations, but the Sterling continues to be made stronger by solid backing. There is no major data planned from the U.K. today and the dollar centric sway that the GBP has enjoyed will roll. The question for the Sterling – like all of the other major currencies – is how long can its parade of gains continue against the greenback?
Written by bforex.com