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GBP/USD touches 1.32 for the first time since March 2022
The slide in the dollar following the comments from Jerome Powell has sent the Pound charging higher and it has reached a high a short while ago, at exactly 1.3200. That is the first time the Pound has traded on that handle since way back in March 2022. The price is just backing away from that now, but the risks of deeper relapse would seem slight just now, because the dollar is not wanted too much following what is now a 100% certainty of a Fed rate cut next month. The GBP/USD is currently trading at 1.3175
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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...
