{"id":89513,"date":"2016-05-11T06:27:59","date_gmt":"2016-05-11T10:27:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=89513"},"modified":"2016-05-11T06:27:59","modified_gmt":"2016-05-11T10:27:59","slug":"sterling-stabilizes-after-5-day-drop","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/sterling-stabilizes-after-5-day-drop\/","title":{"rendered":"Sterling stabilizes after 5-day drop"},"content":{"rendered":"<div id=\"inves-3247801496\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 11, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The British pound has stabilized after falling for five-days against the US dollar.<\/p>\n<p>Brexit fears had weighed on sterling in recent weeks but a pro-EU view expressed by US President Barack Obama on a visit last month to the UK helped support the pound.<\/p>\n<p>Meanwhile, US Secretary of State John Kerry said in London that Britain\u2019s membership of the EU has magnified its role on the global stage, echoing that saw bookmakers lengthen the odds on a Brexit, pushing up sterling.<\/p>\n<p>The pound hit a day\u2019s high of $1.4477 on Tuesday after Kerry\u2019s comments, though that move coincided with a broad move down for the dollar.<\/p>\n<p>The main risk event for sterling will be the Bank of England policy meeting. The Bank\u2019s monetary policy committee starts a two-day meeting on Wednesday, and will on Thursday release updated growth and inflation forecasts in a quarterly report.<\/p><div id=\"inves-4113219379\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>There are risks to the downside for sterling if the central bank will cut its growth forecasts given Brexit uncertainty.<\/p>\n<p>The pound traded around $1.4450 early on Wednesday. Against the euro, sterling gained 0.3 percent to 78.77 pence.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The British pound has stabilized after falling for five-days against the US dollar. Brexit fears had weighed on sterling in recent weeks but a pro-EU view expressed by US President Barack Obama on a visit last month to the UK helped support the pound. Meanwhile, US Secretary of State John Kerry said [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89513","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89513"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89513\/revisions"}],"predecessor-version":[{"id":89533,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89513\/revisions\/89533"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}