Pound's Six-Month High Sparks Buying Opportunity Amid US Economic Weakness

The US economic data has shown weakness, which may lead to a buying opportunity in the British pound (B6Z26) futures.

The December British pound futures have recently hit a six-month high and are currently in an uptrend. The trend is considered strong enough that it can be used as a guide for investors.

The UK economy, on the other hand, seems to be performing well despite higher energy prices. The Bank of England has kept its monetary policy on hold, which suggests stability.

A move above chart resistance at 1.3600 in December pound futures would indicate a buying opportunity. If this happens, the upside price objective could reach 1.3825 or more.