EUR and GBP falls as the dollar firms up a little against the major bloc

Author: Justin Low | Category: News

EUR/USD touches session lows of 1.2015 while GBP/USD hit lows of 1.3570

No news on the EUR as the selling is likely a continuation of the fallout after closing in on the highs for 2017. I mentioned more on that here.

Meanwhile, softer UK data earlier (construction PMI came in lower than expected) seems to be a good enough reason for sellers to build on a lower GBP - but it's not like it hasn't been coming. Brexit news are starting to come back into the picture as well, and it could also give reason for buyers to back out after a good week for the sterling.

Here's a snapshot now on how the major currencies bloc are doing against the dollar:

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