GM Dave - thanks for your kind words
Whilst € fell all day yesterday from its overnight high, UJ hit its 92 handle at 0945 GMT and then rallied 85 pips into the US afternoon. Thus with EJs two components in opposition, it went sideways.
Now we know that the two bills to stop US Sequester cuts have failed, what will this do to yesterday's dollar strength? I guess that there will be plenty of rumours to move it around up to the 3pm EST trigger time - so I'll be happy to bank any pips that come my way.
Let's see what the Londoners think....
Whilst € fell all day yesterday from its overnight high, UJ hit its 92 handle at 0945 GMT and then rallied 85 pips into the US afternoon. Thus with EJs two components in opposition, it went sideways.
Now we know that the two bills to stop US Sequester cuts have failed, what will this do to yesterday's dollar strength? I guess that there will be plenty of rumours to move it around up to the 3pm EST trigger time - so I'll be happy to bank any pips that come my way.
Let's see what the Londoners think....
Trading Levels with WRBs