Economic data and monetary policy will be in focus in the week ahead. Both the RBA and the BoE are in action. Expect FOMC member chatter to also draw attention.
The British pound has rallied significantly during the course of the week, reaching towards the 1.40 handle. At this point, we now face the next resistance barrier.
The British pound has rallied a bit during the course of the trading week as we broke above the top of a massive hammer from the previous week.