Performance Chart
Markets

GBPUSD slips below yesterday's low as USD buying steps up

Bit of a messy one at the moment

Markets aren't that well supplied at the moment so we're seeing some moves that are more born out of those conditions than a huge appetite for one currency or another.

Cable has slipped below yesterday's low at 1.3176 and the euro has followed to a smaller extent as it's being held up by EURGBP. Yen pairs are softer too but USDJPY is staying put as we see some dollar strength in USDCHF and USDCAD, among others.

There's certainly no precise news to drive these moves and I would suggest we're just seeing some early US positioning ahead of the CPI dat due up at 12.30 GMT.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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