Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
GBP/USD holds onto 1.3000
Yesterday as the Pound was falling and update here noted that there might be buyers at 1.3000 on the GBP/USD and it seems there was. That is because the Pound has so far successfully avoided a drop below that level. The low seen yesterday afternoon was set at 1.3002. The GBP/USD closed last night at 1.3043 and it has not backed off so far today. The range has been tight so far though, with 1.3032 to 1.3054 covering it thus far. Of course all eyes will be on the BOE next week, but today it is the ECB that has the stage and that could have an impact on the EUR/GBP and de facto also on the GBP/USD. There will be more to add as the morning unfolds. The GBP/USD is currently trading at 1.3051
Market News
All News-
US stocks turn lower now- S+P 500 heads back towards 5,700
Well, as warned about here earlier this afternoon, there was no guarantee the higher opening for the US stock markets would be sustained and as you...
-
Dow Jones sligthly pares opening gains
As expected, all three major US stock market indexes opened higher today, buoyed by the positive news from the September jobs report. That more...
-
Pound upended again as dollar surges-GBP/USD tests technical support level
Following on from the previous update, noting the slide in the EUR/USD after the US jobs report, the Euro is not the only currency reeling under the...
