Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD unable to hold 1.23 again
Earlier today, as the dollar came under a degree of pressure that allowed the GBP/USD to reclaim the 1.23 handle once more. It had done that a few times yesterday, but each time it stalled a couple of pips above it. Well, earlier the pound got to 1.2309 and had the opportunity then to extend some more, having broken above all those previous interim tops. Well, it failed and rather miserably too. The GBP/USD is falling back to session lows right now, dropping below 1.2260. The dollar is largely to blame for this move, but the lack of traction in the pound versus Europe is clear to see too. The drop back below the 50 day moving average (now at 1.2276) might have tripped some stops at the same time. Further support lower down now resides at 1.2199. The low seen so far has jus been set at 1.2256. It is currently trading at 1.2258
Market News
All News-
Brent spikes on Iranian comments
In the previous update on Brent crude oil prices, the July contract was noted as falling back towards $65 per barrel. That update also noted the oil... -
BOE Pill cautions on further rate cuts- GBP/USD edges towards 1.34 again
Interestingly the Bank of England lead economist, Huw Pill is just now talking on the wires and he is adding some pretty hawkish comments regarding... -
Brent edging a little lower this morning
Yesterday Brent crude for July delivery managed to push higher, from an earlier low just underneath $64.50. The rebound later extended to test $66 per...
