Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
Spain joins France with lower CPI- EUR/GBP slips
The impact of the lower French CPI data has now been followed by something similar just released out of Spain. Inflation data just released there was well below consensus too. The EUR/USD remains under pressure still following this release. That has also pushed the EUR/GBP lower right now and so the Pound is approaching its best levels of the year once again versus the Euro. The EUR/GBP is now falling towards 0.8320 and the reason is simple. The outlook for the ECB to cut again, as endorsed by this CPI data is eclipsing the outlook for the BOE to resist such a move and that is underpinning the Pound again. The EUR/JPY is still getting hammered as I write too.
Market News
All News-
US stocks turn lower now- S+P 500 heads back towards 5,700
Well, as warned about here earlier this afternoon, there was no guarantee the higher opening for the US stock markets would be sustained and as you...
-
Dow Jones sligthly pares opening gains
As expected, all three major US stock market indexes opened higher today, buoyed by the positive news from the September jobs report. That more...
-
Pound upended again as dollar surges-GBP/USD tests technical support level
Following on from the previous update, noting the slide in the EUR/USD after the US jobs report, the Euro is not the only currency reeling under the...
