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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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GBPUSD overview 10.05.2021
Sterling surges on independence referendum relief.
Sterling rising strongly across the FX market today – lifted by the multiple factors – the primary one being the markets taking relief after Scottish leader Nicola Sturgeon said that her first task was to deal with the COVID-19 pandemic – making Scottish independence referendum unlikely in the near term. The other factor adding to the bullish pressure on sterling is the delayed reaction to the Bank of England raising its forecast for British economic growth at its meeting last week. The Bank of England said Britain’s economy would grow by the most since World War Two this year. Yet another factor is the glaring disparity in how UK is dealing with the covid-19 epidemic as compared to EU/USA – with only a dozen losses reported over the last few days in UK.
Except buyers on downward corrections.
Next resistance to watch – 1.4179
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