GBP Daily Updates

26 December 2017

Happy holidays! We'll be back after the New Year!

Short term outlook

As the pound loses steam on Brexit-related concerns, we are downgrading the currency to neutral in the short-term. The pound is now trading within normal conditions. This is based on various technical indicators on a daily chart.  

Medium term outlook

As the pound rises following Theresa May's calls for an election, we are now bullish on the currency in the medium-term. The pound is now trading within normal conditions. This is based on a range of technical indicators looking at a weekly chart.