The softer pound reflects the general shift in favour of the USD since Friday’s US data reports, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
“There were no UK data releases today and markets are focused on Tuesday’s wage and employment data. Soft wage growth may nudge sterling a little lower still.”
“Weak price action and a negative daily price signal from Friday also suggests near-term downside risks for the GBP.”
“Broader underlying trend dynamics remain positive for the GBP as well, however, suggesting that downside potential for Cable is limited, at least for now. Support is 1.3035. Resistance is 1.3135/40 intraday.”
ISG had 69 live government contractsiSG, the sixth-largest contractor in the UK with 69 liv
Pn 20th September 2024 Timothy Graham Vance, Alan Michael Hudson and Dan Edkins of EY-Parthenon were appointed as joint administrators to eight UK trading ent
By Jessica Clark Published: 23:54 BST, 20 September 2024 | Updated: 00:08 BST, 21 September 2024
ONE of the UK’s biggest prison-builders has collapsed into administration.ISG — which has more than £1billion of government contracts — is the largest UK