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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-
Nasdaq 100 slides below 18,500
Well, so much for the higher opening for the Nasdaq 100 earlier this afternoon. The push back above 18,900 looks some way off now, as the index... -
Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
