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GBP/USD falls below 1.33 as Dollar rebounds
The dollar rebound since this time yesterday has been led by gains versus the Yen and the Euro. However, the Pound has lost ground as well and the GBP/USD has given up on the 1.33 handle this morning. The GBP/USD closed last night at 1.3329. It has fallen to 1.3279 a short while ago and looks right now like it might have more downside, when looking at the current set up on the daily bar chart. There is a batch of UK government borrowing and money supply data due out shortly, at 6am GMT. That could have an impact on the price action shortly. We shall see on that. The GBP/USD is right now at 1.3287
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Dollar continues to weaken leading into the 4pm London Fix- EUR/USD straddles 1.1150
The dollar has continue to weaken this afternoon. The GBP/USD is still battling to overcome 1.3250 and the USD/JPY has so far rejected any lasting... -
US stocks mixed in early trading- Dow Jones still in the red
The US stock markets have been open for around 20 minutes now and so far it has been an early session of mixed fortunes. The Dow Jones is still in the... -
GBP/USD making some progress now towards 1.3250
Following on from the previous update looking at the price action in the EUR/USD we see the GBP/USD has charted a slightly steadier route higher...
