Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Pill manages to talk the Pound into a modest rebound but will it last?
For the past few minutes the Bank of England chief economist, Huw Pill has been talking in the wires. The comments from him have been somewhat hawkish, but that was to be expected as we know he is something of a hawk when it comes to UK monetary policy. Well, leaving that aside his comments have helped the Pound to recover and lift the GBP/USD from an earlier session low at 1.2793. The Pound has now lifted above the 200 day moving average again. To remind the reader that is in place this morning at 1.2819. The question now; is will these comments from Pill help to keep it above that level? The GBP/USD just rebounded to 1.2826. It is currently trading at 1.2817
Market News
All News-
Dow Jones futures in the red this morning following closing gains last night
Well, there was a rebound across the US stock markets and it was seemingly started by the Dow Jones, which never really fell back. That eventually... -
US stocks running out of steam now this afternoon? Time to sell again? Check out the S+P 500
The US stock markets have edged off their earlier highs now. That saw the S+P 500 peak earlier at 5,669. The Nasdaq 100 peaked earlier at 19,833. That... -
Is the trend your friend? EUR/USD turns higher again
It seems the minor dollar bounce is over now this afternoon, following the US economic releases seen earlier. The EUR/USD is now pushing to fresh...
