As sterling reacts to the Bank of England’s forward guidance and the Fed considers tapering asset purchases, Michael Hewson’s weekly market update discusses the potential impact on the pound and US treasuries.
- Short-Term GBP/USD – Recent US/UK data weighing on pound despite being very oversold, $1.4860 key support
- Long-Term GBP/USD – If Carney gets creative, will the rate target $1.24 in the next couple of years?
- US 10 Year Bonds – Price broken below 6-year uptrend and 200WMA
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.
Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.