The British pound is sharply lower on Thursday as the US dollar has rebounded against the major currencies. In the North American session, GBP/USD is trading at 1.1787, down 1.07%. We continue to see sharp swings from the pound in November. Autumn Statement emphasizes austerity Jeremy Hunt’s Autumn Statement was much more in keeping with […]
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Daily Pivots: (S1) 1.3295; (P) 1.3382; (R1) 1.3517; More… GBP/USD rebounded strongly but stays below 1.3482 resistance. Intraday bias remains neutral first. Further decline is still in favor. Below 1.3216 will resume the fall from Read more…
Markets remain firmly in risk-off mode, with US equities extending their selloff overnight and Asian markets staying under pressure. The backdrop continues to be dominated by conflicts in the Middle East, with energy markets at Read more…
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