The Sterling Digest

• Sterling Digest, May 7 2013: April tops, May bottoms
  Posted by faithmight on May 7th, 2013 at 2:10 am, Comments: 0

  Cable ended April hitting the 50% Fibonacci retracement level to the PIP. Pretty impressive for a 30-day rally. As $GBPUSD tops out at 1.5606, it [...]

• Sterling Digest, April 30 2013: April rallies bring May selloffs
  Posted by faithmight on April 30th, 2013 at 12:23 am, Comments: 0

  Today is the last day of the month and sterling has enjoyed April. $GPBPUSD closed last week at 2-month highs with a rally that finally [...]

• Sterling Digest, April 23 2013: bears in bulls’ clothing
  Posted by faithmight on April 23rd, 2013 at 2:20 am, Comments: 0

  It’s the last full week of April. Then the bears come in. “Sell in May”, as they like to say. Sterling has been enjoying a [...]

• Sterling Digest, April 8 2013: freedom to grow
  Posted by faithmight on April 8th, 2013 at 5:39 am, Comments: 0

  As expected last week, sterling has strengthened though mostly on the back of weaker fundamentals elsewhere in the world. The weaker-than-expected US jobs report helped [...]

• Sterling Digest, April 1 2013: the quarter for sterling
  Posted by faithmight on April 1st, 2013 at 6:28 am, Comments: 0

  Happy new quarter! The 1st quarter of 2013 has seen US and UK equity markets rally into new highs; the euro rally until Cyprus hit; [...]

• Sterling Digest, March 26 2013: intriguing strength
  Posted by faithmight on March 26th, 2013 at 7:59 am, Comments: 0

  Thanks to Cyprus, sterling managed to catch a bid last week on European haven flows. To start this new trading week, however, GBP has traded [...]

• Sterling Digest, March 17 2013: dangerous precedent
  Posted by faithmight on March 18th, 2013 at 3:06 am, Comments: 0

  Cyprus has put the PIIGS front and center again just when market participants thought that ship had finally sailed. Citizens of the PIIGS, in particular, [...]

• Sterling Digest, March 11 2013: the charts that worry
  Posted by faithmight on March 11th, 2013 at 3:26 am, Comments: 0

  Sterling did produce a correction rally last week as $GBPUSD made a high at 1.5200, $GBPAUD as high as 1.4850; $GBPNZD as high as 1.8350; [...]

• Sterling Digest, March 4 2013: more stimulus possible
  Posted by faithmight on March 3rd, 2013 at 11:24 pm, Comments: 0

  As expected, sterling continued its descent and dropped to new lows last week as traders began to short GBP en masse. However, when much-lower-than-expected UK [...]

• Sterling Digest, February 25 2013: hardly at extreme levels
  Posted by faithmight on February 25th, 2013 at 3:09 am, Comments: 0

  Sterling weakness accelerated last week and culminated in the UK loosing its AAA credit rating on Friday. Now that monetary policy is dovish, economic activity [...]