ForexLive morning news wrap: Roller coaster ride for pound pairs in another uncertain session

Author: Mike Paterson | Category: News

Forex news for the European morning trading session 7 Dec 2017

News:
Data:

There's your headers all in one place.

Here's your p/a summary:
  • GBPUSD up to 1.3425 from 1.3370 on a short squeeze but then down to 1.3321 on Brexit reality checks
  • EURGBP down to 0.8780 support from 0.8815 and back up to then back to 112.25
  • EURUSD down to 1.1807 from 1.1840 and still down there
  • USDCHF also underpinned still and posting 0.9930
                                                          GBPUSD 15m
  • USDCAD underpinned after yesterday's BOC decision and posting highs of 1.2845
  • AUDUSD down to 0.7515 as Gold continues it's latest retreat to post $1254
Data coming up and at 16.00 GMT "Participation by Mr Draghi in his capacity as Chair of the Group of Governors and Heads of Supervision (GHOS) in a press conference by the Bank for International Settlements, hosted at the European Central Bank in Frankfurt, Germany. No text will be made available"