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It was a rare, relatively quiet week for Sterling as it seemed that the reactions to the latest round of Brexit headlines were muted.  Overall, Sterling beats a majority of the majors despite weak U.K. economic updates and continued Brexit uncertainty.

Overlay of GBP Pairs: 1-Hour Forex Chart
Overlay of GBP Pairs: 1-Hour Forex Chart

Overbought/Oversold Conditions

Using our new MarketMilk™ tool, we can see that all of the GBP pairs are considered Neutral on the RSI indicator.

GBP Pairs | RSI

Short-Term Trend Strength

Based on the Trend analysis for GBP pairs provided by MarketMilk™, we can see the following short-term trend direction and strength for each GBP pair:

GBP Pairs | Short-Term Trend

GBP/JPY remains in a very bearish trend. Keep an eye out on GBP/USD and GBP/CHF though. Their short-term trends are bearish but may be weakening.

United Kingdom Headlines and Economic data