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The FTSE 100 has now fallen into the red, bucking the gains still in place in the likes of the DAX and the CAC. The lower oil price this morning is not helping traction in the FTSE, but more so it seems is the Pound hampering the index. `The GBP/USD has now risen to session highs above 1.2430 as the EUR/USD extends just above the noted December 18 high, at 1.0512. The stronger Pound right now this morning has forced the FTSE 100 back below 8,550. Earlier this index reached a new record high at 8,586. It is currently trading at 8,537, as the UK PMI data hits the screens. That data has pretty much replicated what we saw earlier out of France and Germany and beaten forecasts. The GBP/USD has now lifted close to 1.2450 on this news and that has further dampened the FTSE
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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