GBP/USD: Many commentators blaming cable for FTSE’s new highs. We continue to watch for signs of basing around current levels. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle

 

GBP/USD SHORT TERM TRADER: Long at 1.3545; stop below 1.3400. Target 1.4100.

GBP/USD POSITION TAKER: Small long at 1.3565; stop below 1.3400. Target 1.4300.

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Pompeo on Iran
First foreign policy speech

Having recently taken over from Rex Tillerson, US secretary of state Mike Pompeo delivered his first major foreign policy speech, lashing into Iran.
Threatening ‘the strongest sanctions in history’ he said the Middle Eastern nation would be ‘battling to keep its economy alive’. He then went on to list 12 things the Middle Eastern nation must do and mentioned that European firms working with Iran will be ‘held to account’. Iranian President Hassan Rohani responded saying, ‘the world does not accept that the United States decides for the world. Countries have their independence’.

Business media is reporting that ex-President Obama and his wife Michelle have signed a multi-year contract with Netflix to provide content, including films, documentaries, mini-series and features. Their aim is ‘’to promote empathy and understanding between peoples, and help them share their stories with the entire world’’.

 

Financial Markets & Political Commentary

 

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