The GBP was the stand-out performer overnight as confidence returns slowly to the pound and other UK financial markets such as Gilts. The close in cable above the previous breakdown level at 1.5550 is a significant event. EUR/GBP is once again approaching important support at .8310 and a break below would also be a significant momentum booster for the GBP.
The AUD market will be closely watching today’s CPI number as the RBA Governor said that they’d also be watching closely.
USD/JPY has also rallied strongly after significant activity in the options market.
Good luck today.
