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"The union works for businesses on both sides of the border. Breaking up Scotland's most lucrative market would destabilise enterprise and potentially put growth and jobs at risk."
- British business secretary (based on Reuters)
Pair's Outlook
Pair continues to be rather passive and remains just slightly above the 1.52. The Stochastic indicator the short term and market sentiment dynamics suggest a possible rally. However, it should remain capped by the 1.537/42 resistance area. In the medium to long term pairs depreciation is much more likely as it should dip to the 3 month low at 1.50.
Traders' Sentiment
Market participants are becoming noticeably more bullish on the pair. Share of bulls in the market increased by 2% and at the moment they account for 64% of market participants. Amount of pending orders posted by the bulls increased by 6% and is at 64% gauge today.
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