GBP/USD ticks up above 1.2550 as US Dollar recovery stalls
The pound picks up on Monday with the USD losing steam. Cooling hopes of Fed cuts are likely to keep US Dollar losses limited.
Source: fxstreet.com
Page 2 - Boe Bailey News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Boe Bailey. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Boe Bailey Today - Breaking & Trending Today
Pound Sterling Gains Amid US Dollar Weakness
Pound Sterling Gains amid US Dollar Weakness
Source: exchangerates.org.uk
Sunset Market Commentary - Action Forex
Markets got some reprieve today after last week’s heavy correction amid an empty eco calendar. These conditions will remain at play throughout the week, rerouting market focus to things like US supply, central bank speeches, risk sentiment or just underlying momentum. Technical considerations come in to play as well.
Source: actionforex.com
Sunset Market Commentary - Action Forex
Global PMI’s took center stage today. The eurozone composite measure increased from 46.7 to 47.1 (vs 46.5 expected). The minor increase ended a 4-month decline which took the PMI from a solid 54.1 in April to current contraction levels. The EMU services PMI followed a similar path, gently rebounding from 47.9 to 48.4. The EMU manufacturing PMI stabilized around 43.4, marking the 15th consecutive <50 print. Details showed a further deterioration in the order situation with companies still reducing the stock of purchased goods.
Source: actionforex.com