The EURO/USD pair is showing strength this morning currently up at the 0.8980 level. The GBP/USD pair has recovered from the losses made this morning and is climbing back up to 1.6420 level, near its open. Big risk event for sterling looms this Thursday, when we find out what the Bank of England has decided to do regarding quantitative easing. There are many different opinions about this outcome. The JPY/USD pair has also recovered from the losses it made earlier this morning and is currently back up at around the 90.08 mark.
Due for release today there is GBP Purchasing Manager Index, USD ISM Manufacturing, USD Pending Home Sales, USD Construction Spending, NZD Labor Cost Private Sector and NZD Average Hourly Earnings.
By Ultimate Forex Profits
