BRITISH POUND/US DOLLAR
The effects of a weaker pound can clearly be seen in Mercer’s 2017 survey of the cost of living in 209 international cities. London fell from 17th most expensive to 30th (Luanda, Hong Kong, Tokyo, Zurich and Singapore are the top 5), and Aberdeen sunk an astounding 61 places to 146th.
SHORT TERM TRADER: Still short at 1.2690; stop above 1.2825. Target 1.2400.
POSITION TAKER: Square.
| SUPPORT | RESISTANCE |
| 1.2600 | 1.2700 |
| 1.2575 | 1.2770 |
| 1.2515 | 1.2820 |
| 1.2465 | 1.2900 |
