Across board, the pounds sterling, faired well against other currencies, GBP/USD, GBP/JPY and even the grand old lady, EUR/GPB. All presented low risks opportunities today. From the blast of the bell this morning the pound shot out like a man who stole.
Right from the Euro-session start, there were shared bullish sentiments about the pound sterling.
The GDP Report came in at even with expectations of 0.4%. This was seen as positive news in view of the recent turbulence in the financial markets especially in the UK banking sector.
The report was a welcomed news a breadth of fresh air that further rekindled the bullish optimism in the market for Cable, GBP/USD. The charts below highlights points already.
Right from the Euro-session start, there were shared bullish sentiments about the pound sterling.
The GDP Report came in at even with expectations of 0.4%. This was seen as positive news in view of the recent turbulence in the financial markets especially in the UK banking sector.
The report was a welcomed news a breadth of fresh air that further rekindled the bullish optimism in the market for Cable, GBP/USD. The charts below highlights points already.
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