GBP/USD – …… The British pound rose in tandem with euro to 1.5350 in European morning and despite a brief pullback to 1.5324 in New York morning, price rallied to session high at 1.5382. Pay close attention to the release of preliminary GDP qq n yy at 09:30GMT. Street forecasts are 0.6% and 2.4% vs previous readings of 0.7% and 2.4% respectively. Bids have now been lowered to 1.5330/40 and more below at 1.5310/20 with stops building up below there whilst initial offers are noted at 1.5380/90, suggesting choppy trading would be seen ahead of the GDP release.
Intra-day Market Moving News and Views
27 Oct 2015 01:36GMT
However, profit-taking offers there pressured the pair lower and price retreated to 1.5343 in New York afternoon and continues to trade sideways in Asian morning.
Intra-day Market Moving News and Views (GBP/USD)
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