AceTraderFx Nov 17: Intra-Day Market Moving News and Views (GBP/USD)
Intra-day Market Moving News and Views
17 Nov 2015 02:18GMT
GBP/USD - ....... The British pound was dragged lower from European high at 1.5228 to session low at 1.5182 in European morning by the selloff in euro.
Later, cable pared its losses and rebounded to 1.5219 in New York afternoon, however, renewed selling there sent the pair lower to 1.5197, then to 1.5186 in Asian morning today.
UK will release a batch of inflation related data at 09:30GMT. Most of the figures are expected to come in unchanged from their previous readings so traders should pay more attention to the inflation report hearing at 09:00GMT and in particular to comments from BoE officials that would provide guidance on the route the central bank would take for its rate decisions.
Offers are now seen at 1.5210/20 and more above at 1.5230/40 with stops building up above there whilst initial bids are noted at 1.5120/30, suggesting selling on recovery for further intra-day weakness is favored.
Intra-day Market Moving News and Views
17 Nov 2015 02:18GMT
GBP/USD - ....... The British pound was dragged lower from European high at 1.5228 to session low at 1.5182 in European morning by the selloff in euro.
Later, cable pared its losses and rebounded to 1.5219 in New York afternoon, however, renewed selling there sent the pair lower to 1.5197, then to 1.5186 in Asian morning today.
UK will release a batch of inflation related data at 09:30GMT. Most of the figures are expected to come in unchanged from their previous readings so traders should pay more attention to the inflation report hearing at 09:00GMT and in particular to comments from BoE officials that would provide guidance on the route the central bank would take for its rate decisions.
Offers are now seen at 1.5210/20 and more above at 1.5230/40 with stops building up above there whilst initial bids are noted at 1.5120/30, suggesting selling on recovery for further intra-day weakness is favored.