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Morning Briefing Need to watch the Pound (1.2863) carefully here as it trades below the 1.29 support mentioned on Monday, but on a trendline Support coming up from the low of 1.2106 (14th March). A bounce from here is possibly more likely than a break of Support.
The UK 10Yr Gilt (1.083%) might have Support near current level. But, we need to see, over the next couple of days, if there is a bounce from here or not. If not, the Pound could weaken rather than bouncing as the UK-US 10Yr Spread (-1.177%) is moving in favour of the Dollar.
Last Updated Open High Low Close
16-Aug-17 1.2869 1.2903 1.2842 1.2876
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