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The fall in the EUR/USD so far today has now seen it trade below the 1.0500 handle a short while ago and that has helped to push the GBP/USD lower. The Pound has now fallen close to the 1.2675 level. However, it is outperforming the Euro versus the dollar and that has delivered a move below the 0.8300 handle and close to the current 2024 lows, at 0.8260. The EUR/GBP had closed out the month on Friday at 0.8306. It has traded to 0.8277 this morning. So, as you can see, there is a live prospect of it falling below 0.8260 at the start of the new month and set a new low for the year in the process of doing that. The EUR/GBP is currently trading close to session lows, right now at 0.8279
The US stock markets have just this minute reopened for live trade and it has been a generally lower start to the session, but certainly not as low as...
The further fall in the dollar subsequent to the release of the benign US PPI report did help the Pound to vault the 1.36 handle again and it did...
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