Technically Yes Fundamentally NO
UK ILO Unemployment: Is the Pound in Trouble?
Recently, the pound has been on the backfoot after surging forward during most of the year. A couple of fundamental issues have had a hand in this, plus at least one important technical one. The question for traders now is whether tomorrow’s data will push this new direction further, or provide a chance for a reversal. Let’s look at a couple of the drivers of the price change for some clues. One of the issues on a lot of traders’ minds is the recent political unrest, particularly with the outbreak of violence in Northern Ireland. Pro-UK loyalists are generally unhappy with the restrictions that have come about ... (full story)