The Pound is hovering over 1.3900 after fading heavy momentum...
The Pound is hovering over 1.3900 after fading heavy momentum to the downside.
It remains to be seen whether the Dollar index continues to secure a firm grasp of the 92.000 handle, and for once it seems that US housing data won’t present too much of an impediment as existing home sales came in a tad above consensus, albeit slightly down from the prior month.
GBP/USD seems to have had some respite recently but whether or not it will continue to the upside remains unclear until a few more daily closures have passed.
It remains to be seen whether the Dollar index continues to secure a firm grasp of the 92.000 handle, and for once it seems that US housing data won’t present too much of an impediment as existing home sales came in a tad above consensus, albeit slightly down from the prior month.
GBP/USD seems to have had some respite recently but whether or not it will continue to the upside remains unclear until a few more daily closures have passed.