ForexLive morning news wrap: Another soggy session for the pound on a risk and Brexit combo

Author: Mike Paterson | Category: News

Forex news for the European morning trading session  Dec 2017


News:
Data:
Once again pound hogging the headlines but by no means the only story.

Here's your p/a summary. Headline stories above:

  • GBPUSD down to 1.3357 from 1.3425  with GBPJPY supply a prime mover as risk-off sentiment prevails with equities open lower again. Bounces limited to 1.3385
  • EURGBP up to 0.8854 from 0.8815 and back down to 0.8831
  • USDJPY down to 112.00 from 112.30 then back to 112.25
  • EURUSD down to 1.1807 from 1.1840 and still down there
  • USDCHF in retreat first on risk plays but then rallied sharply to test 0.9900 from 0.9860 as equities pared a few losses with EURCHF rallying as well to look at 1.1700 from 1.1660
                                                    USDCHF 15m
  • USDCAD capped around 1.2700 and has fallen to look at 1.2650-60 again as we wait on BOC
  • AUDUSD lower after some fun n games in Asia after Aussie GDP
  • NZDUSD on back foot from 0.6915 to 0.6890
  • Equities opened lower with DAX down 1.5% but since pared losses
  • Oil prices in steady retreat since 08.00 GMT
  • Gold steady after yesterday's retreat
US data has ADP next out at 13.15 GMT. Then focus on BOC at 15.00 GMT


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