British Pound Shows Mixed Results In The Crosses As Risk Appetite Rises

The British pound can hardly be described as a fundamentally-strong nor high-yielding currency; but the currency has retained some of its correlation to general risk appetite. Over the past 12 hours, a recovery in risk - amplified by a series of unrelated economic indicators - has helped buoy the sterling alongside the Australian and New Zealand dollars. However, this shift in sentiment and the single currency’s fading correlation to such market dynamics could quickly turn the crosses around. What does the DailyFX team forecast for the pound? Read each analyst’s forecast below.