Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD steps back as European markets reopen
Yesterday the GBP/USD crumbled to a low at 1.2239 right as the European stock markets opening. The subsequent rebound from that low saw the Pound reach a high at 1.2323. The synthetic US close last night was set at 1.2308 and since then the Pound has been tracking lower again this morning. The low seen so far has been set at 1.2267. As noted here many times already this week, the push higher in longer term UK yields is not supporting the currency, as it is symptomatic of a much deeper malaise that has driven the UK yields to levels not since the 2008 financial crisis. There will be further updates on the Pound today, not least what impact the US jobs report might have on it later. The GBP/USD is currently trading at 1.2276
Market News
All News-
Dollar index gives it all back after another Fed voter talks of lower rates
Here is the thing folks. If one is long on the US currency as the ultimate FX haven against extreme risk, then lower stocks are required for that to...
-
Gold lifts again on China news report
According to news wire reports released just now, China is to increase its gold and silver reserves by between 5 and 10% by 2027. This news has sent... -
USD/JPY off the highs leading into the US PMI data
An earlier update here on the Dollar also touched on the USD/JPY as it approached the 148 handle. Well, subsequent to that update the dollar did just...
