OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD bid through 1.5040

FXstreet.com (London) - GBP/USD has enjoyed a rally away from lows in the European session since yesterdays prodding with the ugly stick.

Price action in the US fixed income markets has been correlating in forex markets with the DXY seeing a notable move higher yesterday afternoon coinciding with a break out in treasuries. There is buying interest at 1.5000 keeping the pair bid while the risk is still remaining lower below 1.5140/80 on the charts.

Tomorrow could be the impetus needed to break below 1.5000 with a series of US data, GDP and price changes in consumer goods and services.

Flash: EC gives signs of softening austerity drive - BTMU

Lee Hardman, FX analysts at the Bank of Tokyo Mitsubishi UFJ notes that the European Commission is expected to give its clearest signal yet that it is softening its stance on demanding austerity measures in the EU.
Read more Previous

USD/JPY settles at 101.72/73 support

The USD/JPY has been trading more statically during European trading recently, after falling hard off earlier overnight highs.
Read more Next
Start livechat