GBP: Advance Against USD Set to Continue

Chart: GBP/USD Daily Timeframe (June 8 – September 8, 2017)

Chart by IG

Against other major currencies such as the Euro and the Japanese Yen, a period of relative stability for the Pound is likely. Both have benefited from the “risk off” tone in the markets caused by a combination of North Korea’s missile tests, Hurricane Irma and the Mexican earthquake, so the Pound could struggle to make further gains against them.

Chart: EUR/GBP Daily Timeframe (April 26 – September 8, 2017)

Chart by IG

— Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

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