View full page at forexfactory.com

 

GBP/USD: underperforming, but not vs the euro

From fxstreet.com

GBP/USD is currently trading at 1.4483 with a high of 1.4530 and a low of 1.4442. GBP/USD closed the U.S. session making yet further lows as Brexit fears have started to weigh on the U.K. economy for Q2 shown in UK Markit/CIPS services and composite PMI data that came in below expectations for April at 52.3 (versus a market consensus of 53.5) and 51.9 (53.2) respectively. However, sterling is performing well vs the euro in the otherwise bullish trend in EUR/GBP. GBP/USD levels Analysts at Scotiabank noted that GBP/USD has eased below Wednesday's low this morning, in similar fashion to EUR/USD, and lost some ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News