Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD backs-off slightly so far today
Yesterday evening after the release of the Fed minutes sent the dollar reeling again, the Pound managed to make further progress versus the ailing US currency. The GBP/USD lifted to a high at 1.3119. However, it was unable to hold all the gains into the US close and later ended that session at 1.3091. The noted next level, at 1.3142 remains the next potential target for the Pound again today. To remind the reader, that was the July 2023 high. The range seen so far today has been covered by 1.3082 to 1.3097. There is some quite important flash UK PMI data due later this morning which could impact the Pound either way and that will be covered here, when it is released at 8.30am GMT. The GBP/USD is currently trading at 1.3083
Market News
All News-
Brent on the rebound again ahead of the Fed
Let me start by saying that the Fed policy decision will probably not have much to do with oil prices, but this update comes ahead of the decision and...
-
Brent rebounds to fresh session highs above $77 as US stocks struggle on the opening
The US stock markets have not long ago reopened and it has been a bit of struggle for the three main indexes in early trading. The main and rather...
-
EUR/USD looks pivotal now as it waits on the Fed
If you look at the wide outside range for the EUR/USD today you will see it is covered by 1.1475 and 1.1523. So for the purposes of this exercise let...
