Morning BriefingPound (1.2984) is in an interesting position as the trend remains up but the upward momentum is still lacking. The chances of a sudden sharp rise to 1.3200 can’t be ruled out while the probability of further sideways consolidation in the range of 1.2850-1.3050 remains in consideration too. Wait for clarity but no bearish scenario can be considered while above 1.2850. The UK-US (-1.16%) has come off slightly but the previous resistance could now act as an important support which could possibly indicate an upside for the yield spread in the medium term. If that happens, we could turn bullish for Pound in the longer run.
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May Monthly Forecast
Our May-17 Monthly forecast is now available. To order a PAID copy, please click here and take a trial of our service.
May Calendar Wallpaper
The US 10Yr T-Bond yields rose for 35 years from 2.03% in 1946 to 14.59% in 1981. The fall from there to the 2016 low of 1.50% also took 35 years. Could 2017 see the start of a long rise? You can download this chart as part of our May 2017 Wallpaper Calendar from here
Euro Longterm Forecast
Need Euro, Yen and Aussie forecasts for business costing and planning your hedges? You may also be interested in other long term forecasts