ForexLive European FX news wrap: Steady as we go as a new week gets underway

Author: Mike Paterson | Category: News

Forex news from the European trading session - 9 February 2018

A steady start to the week after the fun and games of recent sessions. No real lead/clue to be had so we've traded tightly but with oil notably making some gains.

Nothing of note data wise to shake things up but softer CPI saw the swiss franc weaken a little but buyers still lurking despite the SNB's best efforts.

GBPUSD shrugged off a mix of comments from BOE MPC member Vlieghe in a scheduled session at the mic. Uncertainty seemed to be his key theme. Similarly GBPUSD remains uncertain at 1.3852 in a range of 1.3825-75 with EURGBP clinging to 0.8850 after a retreat from 0.8875

EURUSD has slid gently to 1.2255 from 1.2295 pausing for breath around 1.2260-65 while USDJPY recovered from Friday's late lows but been steady between 108.45-75.

AUDUSD, NZDUSD and USDCAD all similarly have seen a contained range as markets/traders wait on fresh clues

Oil has made gains since Friday's tumble and both WTI and Brent have posted rallies of 1.5+% while Gold has drifted lower from $1324 to $1318

Crypto currencies have drifted higher with Bitcoin posted $8765 after holding $8000

No data of note but we do have BOE MPC 's McCafferty up to the mic at 16.30 GMT
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