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Shell Plc - ADR (Representing)  on May 5, 2023


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Sterling Rises, Seen Driven by Risk Sentiment And Dollar - Marketscreener.com

0924 GMT - Sterling is mainly driven by risk sentiment and the dollar as another interest rate rise by the Bank of England on May 11 is fully priced in, TD Securities says as GBP/USD rises to an 11-month high and EUR/GBP falls to a four-week low. Improving U.K. growth has provided some sterling support, but it's "started to deviate from some of our short-term models," TD analysts say in a note. "While that won't matter too much if weaker U.S. data pulls the dollar lower, lifting sterling and others, it would reinforce EUR/GBP support ahead of the 200 daily moving average, as the euro looks cleaner."

marketscreener.com     May 05, 2023