EUR Rise Greased by Pound Performance

From oanda.com

As the Euro investor digests a plethora of earnings reports, the single currency has been dragged higher this morning, mostly by its compatriot, Sterling, and into a territory where sellers tend to domicile. Overhanging recent events in the US and the Euro-zone are doing noting to instill further confidence to really push these markets much higher from here. The UK economy has gone from a recession to posting the best quarterly performance in five years. This morning’s Q3 GDP print grew by +1%, beating market expectations of +0.6%. Expect the BoE to be looking past the GDP volatility within, as the report was ... (full story)