Forex Analysis

GBP Mid-day Analysis

Seeing UK GDP growth come in at just +0.7% failed to support the Pound which looks to

There’s a lot of US data on the agenda today. US durable goods orders are expected to

Steepening on the German curve, flattening in the US.

The pair closed in NY Monday at $1.5586 after rate had been pressed, in thin trade, to a session low of $1.5574,

It’s been a relatively quiet session for the AUD/USD since it started at $0.8134 this morning.

The pair started this morning at $1.2230 but traded lower after initial $1.2232 high.

While the Euro forged a lower low overnight, it has forged a rebound in the face of residual concerns

A quasi-triple low formation on the charts, a rise in the Russian currency and

A fresh lower low for the move, weakness in the Dollar and

While the Dollar initially posted a higher high for the move overnight it was unable to

The Canadian has seen some short covering gains of late but

Recovery action in the Euro and Swiss seems to have undermined the Pound to start today.