Hello Guest, if you are reading this it means you have not registered yet. Please take a second,
Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
-
Senior Trader
GBP/USD 24.08.2016
Sterling extended gains above the 1.3200 handle, as speculators reduced bets against the pound after recent upbeat data suggested that the economy was holding up surprisingly well after the Brexit fallout. Data released by British Bankers Association (BBA) earlier in the session showed that Mortgage Approvals declined to 37.662K against consensus of 35.500K and previous 39.763K. Sterling rose 0.3 percent to a 3-week high of 1.3249, pulling away from a low of 1.3161 touched earlier in the session. Any break above 1.3185 confirms minor trend reversal, a jump till 1.3310 is possible. A minor weakness can be seen only below 1.31000.The minor support is around 1.3180/1.3130. Overall weakness is only below 1.3000 level. Against the euro, the pound trades 0.5 percent higher at 85.19 pence, having touched a 2-week high of 85.13 pence.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
Powered by
vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
All times are GMT +4. The time now is 03:38 PM.
Bookmarks