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EUR/GBP continues to rebound from 0.8500
The pound has lost ground since earlier this morning and that covers the GBP/USD, EUR/GBP and the GBP/JPY. So, it is pretty much across the board weakness for the British currency following the weaker than expected US CPI and RPI reports released much earlier today. So, the three of the EUR/GBP falling below 0.8500 in any kind of protracted way has been removed once more. The Euro is just now hitting session at around 0.8537 and the move higher comes from an inability so far of the GBP/USD to hold levels above its 200 day moving average, coupled with further modest upside just now in the EUR/USD this afternoon
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S+P 500 futures buoyed by Japanese and European stock rebounds
On Friday the US stock markets all slumped to a lower close. As already noted here this morning, the losses were led by the Nasdaq 100 and that...
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GBP/USD has a look below 1.3100 this morning
The GBP/USD has not long ago hit a new session low under 1.3095 and that is the first time the Pound has traded back underneath the 1.3100 handle...
