After pushing higher in the first part of last week, the US dollar reversed lower and saw follow-through selling ahead of the weekend. The reversal saw all the major currencies but the British pound gain on the greenback last week. Although the ineptitude of Prime Minister May has weighed on sterling, the immediate reaction to her departure saw the pound fall as the risk of a no-deal exit rose. As we discuss below, the technical condition warns that the corrective forces could continue through the week ahead. Looking ahead of the macro calendar, this could persist until the run-up to the ECB meeting on June 6 and US ... (full story)