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GBP/USD back for another look at 1.33 today
Yesterday the GBP/USD got a momentary lift from the BOE decision to leave interest rates on hold. That decision allowed the Pound to push above the previous 2024 high at 1.3298 set the day before and set a new 2024 high at 1.3314. However, it was not able to sustain the move and fell back to just below 1.3225 ahead of the 4pm London fix. The rebound that followed saw it later close in the US at 1.3284 and this morning it has managed to revisit that 1.33 handle again a short while ago. The range seen so far today has been covered by 1.3270 to 1.3302. As to whether there are further gains today rests on a number of factors. Beyond any pure sterling demand, those would seem to rest with the USD/JPY and perhaps more likely on the EUR/GBP. There will be more to add on that cross a little later. Meantime, the GBP/USD is currently trading at 1.3289
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USD/JPY on the drift lower again as markets wait nervously
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US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
