fxstreet.com 12 Feb, 2021 10:00 am

Sterling sells the fact and is now ready to rally to new highs

Sterling sells the fact and is now ready to rally to new highs
Surprise? Not for those listening closely to the Bank of England – the UK has reported that Gross Domestic Product growth rate of 1.2% in the fourth q

The focus on Friday is the University of Michigan's initial Consumer Sentiment figures for February.See US Michigan Consumer Sentiment February Preview: The ocular proof Brexit: The UK government's point man on Brexit, Michael Gove, spoke for three hours with his EU counterpart Maroš Šefčovič to discuss the Northern Ireland protocol – albeit without success.Many traders have been trying to forget about the issue but frictions on several fronts may still drag the pound lower.Pound/dollar continues benefiting from upside momentum on the four-hour chart and changes hands above the 50, 100 and 200 Simple Moving Averages.

Apart from stimulus speculation, it is essential to remember that Americans enjoy a bank holiday on Monday, and that may result in choppy trading.Not for those listening closely to the Bank of England – the UK has reported that Gross Domestic Product growth rate of 1.

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