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.
You Might Also Like:
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share - May 24, 2022
- Big Banks Adopting Blockchain for Short-Term Trading - May 23, 2022
- BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors - May 20, 2022