We have seen the recent upside in the sterling is losing momentum at the moment, retracing ground from overnight highs in the vicinity of 1.6020 after the Nationwide Housing Prices have contracted 1.2% on a year through November, missing estimates at -0.9% It has been reported that Confidence among the U.S. consumers soared to the [...]
This morning in the global currency exchange market all eyes will be on the Eurogroup that is meeting today and we hope it will bring some solution for the next aid tranche for Greece. This morning the GBP/USD moved within a 25 pip range between 1.6015 and 1.6039 as some optimism linked to US holiday [...]
As we write this morning we see that overnight the GBP/USD has dipped to session lows below 1.5890. The sterling is rapidly losing ground against the dollar on Wednesday, as risk aversion is hammering markets after the EU ministers have failed again in delivering a deal on the Greek debt. GBP would face more pressure [...]
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