The pound is rallying today on news of a more hawkish Bank of England and comments from the European Union President that there won’t be a hard Brexit for England. Young Research turned bullish on the pound in the spring. The pound is up a few percentage points since then, but with a supportive technical backdrop and strength in the euro upside potential remains.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.