This article is originally referred from FXPro Google+.
Sterling Steaming Ahead for Now:
“The UK gets a new prime minister later today and a strong chance of a cut in interest rates tomorrow. The first factor does not account for all of the recent recovery in the pound, but it has had a bearing in removing the prevailing uncertainty. So the question markets are asking is whether this is a correction in a broader sterling downtrend or sterling can actually start to recover here on a more sustained basis.”
Read more in today’s FxPro Daily Outlook.
Original Source: FXPro Google+