Magnifying glass, calculator, and pen
Markets

Quid returns from whence it came

The morning's slide in the pound has largely been retraced

By and large we're back where we started at the beginning of the European session. The fact that the quid has been the main mover today while all else is asleep adds weight to the reasoning that this was purely some squaring and month-end flows with a bit of Morgan Stanley interference thrown in

Now we've watched the downside, it's time to watch the upside

GBPUSD 15m chart

1.5130/35 is the level to watch above here, followed by 1.5150

I wouldn't be surprised to see it going sideways in a tight range like everything else now

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.

Other Topics

ForEx

Latest Markets Videos