© Dukascopy Bank SA
"We urge the Chancellor to take this method and apply it to both RBS and Lloyds giving the taxpayer an opportunity to profit from both and get the banks back into the private sector, where they belong."
- Policy Exchange (based on Reuters)
Pair's Outlook
Pair started the week 40 pips below the last weeks closing level and hasn't really moved anywhere. The Stochastic indicator and traders' sentiment suggest that pair should loose some value in the short term. Although 1.55 is a strong psychological level it seems that pair might dip till the weekly PP at 1.546.
Traders' Sentiment
During the weekend bulls have closed 3% of their positions and at the moment they account for 63% of market participants. Majority of pending orders (58%), however, are set to buy the pound against the greenback.
© Dukascopy Bank SA