December British pound (B6Z25) futures present a selling opportunity on more price weakness. See on the daily bar chart for the December British pound futures that a price uptrend has been negated and a price downtrend is now in place as prices last Friday hit a six-week low. More News from Barchart Fundamentally, the Bank of England Deputy Governor Dave Ramsden has argued in favor of reducing interest rates amid growing U.K. labor market concerns. Ramsden also believes inflationary pressures will retur ...

December British pound (B6Z25) futures present a buying opportunity on more price strength. See on the daily bar chart for the December British pound futures that prices this week hit a 2.5-month high and are trending up. The bulls have the firm near-term technical advantage, to suggest more price upside in the near term. More News from Barchart Fundamentally, this week’s Federal Reserve interest rate cut is bullish for the British pound and bearish for the U.S. dollar. Recent U.S. economic data has sho ...