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GBP/USD back to square one following Dovish BOE hold?
Following on from the previous update, noting the reaction to the BOE policy decision. As mentioned, it was not the outcome which surprised the markets, but the fact that 3 members of the committee wanted a cut. That is what has sent the Pound back to square one in terms of the dollar and pushed it back below the 1.2600 handle. As also mentioned, this outcome has helped the FTSE 100 rebound a bit more, but not by anything meaningful yet and it may not become so either. The GBP/USD fell to around 1.2585 on the news. It is just now trying to salvage the damage, currently trading at 1.2608
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
