"The pound continued its recent rally last week as technical indicators continue to amount to very little as a clue to its direction.

Given the storm clouds that are gathering for the country and the economy, the pound’s rise to its current level appears unsustainable. However, it could easily extend to test the 1.30 level but having reached its highest level since the lockdown began, the Covid pandemic may have had all the effect it is going to as Brexit and the ongoing row with China prove to me more immediate concerns.

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Beyond Currency Market Commentary:

Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.