Today the EUR/USD pair has shown strength and is slightly up at the 1.4252 level, at the time of writing. Cable is currently down from its open of 1.5961 and is currently down at the 1.5940 mark. Yesterday, economists declared that the biggest Sterling devaluation since the collapse of the Gold Standard in the 1930s is starting to reap rewards, as the new figures have started to show a radical improvement in Britain’s current account and household balance sheets. In the latest Bank of England minutes, Index of services 3m/3m, BBA loans for house purchase for November expected 43,000. Interesting article in Daily Mail posted earlier touting possibility of further QE. The USD/JPY pair has dropped down to the 91.80 level.
Due for release today is the GBP – MPC Meeting Minutes, CAD – GDP m/m and USD New Home Sales.
By Ultimate Forex Profits
