Flash: Sterling 10 yrs down; GBP/USD still bullish - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank said "GBP is weak, down 0.2% and UK 10‐year gilt yields are down to 2.66%, flirting with the first break of the 200‐day MA for the first time since May 2013. Rising risk aversion is weighing on all European currencies."

Key Quotes

"GBP/USD short‐term technicals: bullish but signals are fading and threatening a shift into sell territory. There is better risk reward elsewhere for near‐term traders."