The US Dollar continues to pressure both the Euro and the Pound following yesterday’s strong December consumer confidence reading coming in at 96.5, considerably above the expected 93.8. As a consequence, GBPUSD dipped into 1.47 range then slowly consolidated back to low 1.48. A similar trend was apparent against the Euro.
GBPEUR traded sideways yesterday and the outlook is more of the same today with another bleak day in terms of economic data releases. Expect no thrills today.
Posted in Daily Market News on Dec 30 2015
We return during “Christmas limbo” - the odd time between Christmas and New Year - with Sterling not too different to how we left it on Christmas Eve. The Dollar remains strong against the Pound as the pair has returned to 1.48 levels, though technical analysts are taking a bearish...VIEW FULL ARTICLE
Posted in Daily Market News on Dec 29 2015 by Rob Affleck and the Sales Team