Tag Archives: Sunak effect

The reversal of the British pound from 1.1645 extends below 1.1500. The sterling loses ground as the Sunak effect fades. Meanwhile, the US dollar appreciates ahead of the Fed’s monetary policy meeting.Sterling’s reversal from last week’s highs at 1.1645 accelerated on Monday, reaching levels below 1.1500. The cable is on …

The GBP/JPY registered strong gains during the week of 2.72%. The Bank of Japan intervention gave GBP/JPY buyers a better entry price around the weekly lows of 165.43.The GBP/JPY pair is still upward biased, about to test the February 2016 high at 175.01. The pair also rallies to fresh six-year …

The euro has extended its losses on Friday after failing to regain 0.8650. Sunak’s appointment as British PM saved the British pound. It is commonly perceived that The GBP remains, supported by the Sunak effect.The euro depreciated against the pound for the fourth consecutive day on Friday, to test the …