Pound hints at a possible reversal of the dollar
The pound hints of a possible reversal in the dollar.
On Wednesday and Thursday morning, the pound showed a strong rebound to the top by 150 points in 4-digit.
The picture on the pound has changed dramatically. Now, the picture looks like a “double bottom”.
The US news was strong but as we can see, the dollar did not help.
A possible reason is a new balance in European currencies, taking into account that the Fed rate hike has already been reached.
We are ready to buy the pound from 1.2860.