Economic data and monetary policy will be in focus in the week ahead. Both the RBA and the BoE are in action. Expect FOMC member chatter to also draw attention.
The British pound has rallied significantly during the course of the week, reaching towards the 1.40 handle. At this point, we now face the next resistance barrier.
The British pound has initially tried to rally towards the 1.40 handle before pulling back and finally pushed back against the overbought condition.