Ebury: The pound may Rebound as it looks Oversold.

Jin10 reported on August 4 that Ebury economist Enrique Diaz-Alvarez stated in a report that the British pound has some room for a slight rebound, as it appears oversold after its recent fall. He mentioned that concerns surrounding the UK’s fragile fiscal outlook remain prominent. However, after the recent fall, the British pound is “somewhat oversold,” therefore, “it can be said that there is room for a moderate rebound.”