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Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook
The British Pound’s strong performance at the start of 2021 was derailed in recent weeks, thanks in part to concerns around potential slowdowns in vaccine supplies and thus vaccination rates. Alas, thanks to stability in UK Gilt yields – experiencing less downside than some of their developed market counterparts – the British Pound remains fundamentally well-positioned, all-in-all. The technical side of the equation has started to reflect the changing fundamentals too. Indeed, price action through the turn of April suggests that better days may be ahead. Both GBP/CAD and GBP/NZD made meaningful technical ... (full story)