OctaFX | OctaFX Forex Broker
Open trading account
Back

Key events that lead into GBP today - Investec

FXStreet (Guatemala) - Jonathan Pryor, Corporate Treasury Analyst at Investec noted the activity from yesterday for the set up in todays forex space around the pound.

Key Quotes:

"UK Service PMIs softened yesterday morning and consequently the Pound weakened against major currencies. The slowdown in the Service Sector is a further indication that growth has likely slowed more heading into year end."

"The official figure was 56.2 from 58.7 in September,this is a 17 month low. The Pound fell through 1.5900 after the release although hit support around 1.5875 before the market took profits and retraced above 1.5900."

USD/JPY bulls reloading for 115 handle

USD/JPY is trading at 114.88, up 0.10% on the day, having posted a daily high at 115.53 and low at 114.06.
Read more Previous

EUR/USD pressures stacked up post ECB - BTMU

FX Strategists at the Bank of Tokyo Mitsubishi UFJ noted that the euro had weakened modestly against the US dollar following today’s ECB monetary policy meeting and moved back below the 1.2500-level.
Read more Next
Start livechat