GBP/USD Breaks Lows. Where Will Price Retest?
From vantagefx.com
With this sudden burst of Fed positivity heading into the December meeting, it was Chicago Fed President Evans’ turn to chime in with a headline overnight, adding to the chorus of Fed hawks calling for a hike to end the calendar year. In the lead up to NFP Friday night, we also saw a mixed bag of economic data hit our screens to accompany Evans’ comments. The notoriously unreliable ADP number slightly missed expectations, but the ISM non-manufacturing activity index reached its highest level since October 2015! Overall markets have taken this combination as USD positive and Friday is set up for a hugely important ...
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