OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD eases off highs to 1.5232/34 as Cyprus weighs

FXstreet.com (Barcelona) - The GBP/USD rally has continued unabated Friday, soaring to fresh session highs in recent minutes at 1.5245. As the Cypriot finality lingers, the cross has eased slightly to trade at 1.5232/34 in these moments, up a steadfast +0.43% during American trading.

After news that the Cypriot ruling party said they are confident that the country will achieve a bailout deal within EU framework over the next hours, MNI has reported that the ECB rejected the changes made by the Cypriot Parliament Committee.

After breaking above calculated resistance at 1.5224, Mataf.net analysts calculate the next measures of correction at 1.5271 onto 1.5334. Should the pair ultimately reverse course and break lower, the GBP/USD is slated to meet support at 1.5116, ahead of 1.5055, and finally 1.5008

Italian president to speak with Bersani on possibilities of forming a coalition

Italian Center-left Democratic Party chief Pier Luigi Bersani is due to hold a meeting with President Giorgio Napolitano later today in order to discuss the possibilities of forming a government and breaking the political deadlock the country has found itself in after the inconclusive general election in February.
Read more Previous

Forex: USD/MXN in session lows around 12.3700/10

The Mexican peso is now gaining ground against the US dollar on Thursday, after the jobless rate ticked lower to 4.85% during February from 5.42%. Further data from the domestic economy...
Read more Next
Start livechat