Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
GBP/USD still struggling to deal with the poor UK economic data released today
As covered here much earlier this morning, the reaction in the Pound to the disappointing UK data releases today saw the GBP/USD edge back from session highs above 1.31. Well, since then the Pound has dropped back a bit more. One driver for the move has been a slow grind higher in the EUR/GBP. That is now pushing to session highs above 0.8445. That is adding pressure on the GBP/USD, as the EUR/USD remains pretty much static right now. So, in essence the Pound could do with a weak US CPI report this afternoon, if it is to avoid further downside today. The GBP/USD is currently trading at 1.3077
Market News
All News-
USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
