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UK growth contracts- GBP/USD falls again
The important reading of UK economic growth for the 3 months to October has now been released and it has shown no growth at all. The economy contracted by 0.1% over that period. The GBP/USD was edging a little higher off the earlier session lows leading into this release. The impact of the GDP data has seen it fall to fresh session lows.The other data has missed on pretty much all counts too and that has added to the negative reaction in the currency. The GBP/USD just fell to 1.2635 ahead of a noted minor support at 1.2630. The GBP/USD is currently trading at 1.2636 and this is going to struggle in the short term following this data
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EUR/GBP stalls ahead of technical resistance level
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Canadian retail sales in the spotlight for the USD/CAD this afternoon
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DAX falls below 22,819 as global stock markets retreat
Following on from recent updates looking at the US equity futures and the DAX after the opening, the German index has now crumbled again. It has now...
