Pound fractionally weaker versus Dollar on softer yield spreads
The Pound is fractionally weaker versus the Dollar, with fundamentals less supportive as yield spreads soften.
The Pound’s decline is limited, however, as sentiment is improving following the arrival of PM Burnham and stronger-than-expected construction PMI.
Short-term technicals remain bullish, with expectations for medium-term gains above 1.3550 and a near-term trading band between 1.3420 and 1.3520.