News

GBP dropping as more Asian liquidity comes on line

Whether that has anything to do with it is the question of course

  • but the final surge for it higher came at the illiquid period of the 24 hour FX cycle. 

GBP/USD had a big rally during Europe/US and very early Asia time, above 1.3375 at one stage. Its since sunk a bit, now circa 1.3275:

For all the bbb Brexit realted news stay tuned, though its likely gone quiet a bit until the UK morning now. Coming up Thursday UK time …

ForexLive

Articles You May Like

Crude Oil Price to Bypass OPEC Meeting for Trade Wars, Fed Minutes
WTI is on the bids near $63.30 as 21-day SMA holds the strength intact amid fewer catalysts
The NZDUSD is testing the RBNZ low and lower trend line
GBPJPY bounces but buyers have more work to do to change the bearishness
USDCAD got out of its consolidation range

Leave a Reply

Your email address will not be published. Required fields are marked *