Sterling headed towards 1.40 in coming days.

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Sterling headed towards 1.40 in coming days.British Pound Sterling / United States DollarCMCMARKETS:GBPUSDbehr100Cable been on a uptrend since the Liz Truss low. Latest bout of dollar weakness obviously helping whilst long term monthly chart is very constructive indicating new uptrend is fully intact. Other supporting narrative is the new "growth" aware labour government that has begun to forge something of a return to Europe along with new trade deals with India and the USA. Many traders and PMs also aware that the British Pound has a long relatively stable history whilst the Bank of England has not defaulted on its Gilts which have been reliably paid for more than 400 years. recent previous resistance on light blue line now acting as support. Sit tight cable has plenty of upside from here.