At 0420 BST today, the GBP is trading 0.1% lower against the USD at $1.6262, 0.1% higher against the EUR at €1.105 and 0.4% lower against the JPY at ¥142.81.
At 0420 BST today, the GBP is trading 0.1% lower against the USD at $1.6262, 0.1% higher against the EUR at €1.105 and 0.4% lower against the JPY at ¥142.81. The Bank of England is expected to continue with its plan to spend £200 billion on bonds.
The EUR is trading 0.2% lower against the USD at $1.4711.
The EUR is trading 0.4% lower against the JPY at ¥129.22, amid weakness in the Asian equity markets.
The AUD is trading higher against the USD, after the unemployment rate in Australia fell for the third straight month in November to 5.7%, better than the forecast of 5.9%.
Yesterday, the GBP ended lower against euro, after UK’s trade deficit widened to a higher than forecasted level.
The USD fell against the major currencies, as gains in the US equities prompted investors to shift bets to higher yielding assets.
The CAD gained against the USD, on speculation that the recent decline in the currency was overdone.
Posted by Ultimate Forex Profits
