- Home
- >
- FX Daily Forecasts
- >
- Market sentiment at the last trading week of the month – support for the pound
Market sentiment at the last trading week of the month - support for the pound
Rating:
Loading...The pound remained stable, traded higher at the beginning of the week despite the Brexit chaos we witnessed, culminating with Theresa May's resignation. It should be remembered that British markets are closed today, so much of the liquidity will be removed from European trade in the current session.
Meanwhile, the Australian is also higher with the Kiwi, as the risky mood is slightly more optimistic with Asian shares. European stock indices are slightly rising, keeping hedging instruments under control such as the yen and gold.
But overall, the changes are not too big, so we'll see what the session will give us.
Looking ahead, just be cautious because cash flows will dominate at the end of the month, predestining trade moods for the most part. This partly explains the early strength of the pound. But yes, just keep this in mind as streams will probably make things harder to analyze.
Trader Aleksandar Kumanov Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
