Back
19 Sep 2014
Session Recap: GBP doesn’t go too far after Scotland votes 'no'
FXStreet (Córdoba) - The main event of the session was of course the reassurance Scottish majority decided to stay in the UK after weeks of uncertainty.
Cable rallied on the news but most of the ‘no’ vote was already priced in, so investors choose to take profits instead, sending GBP/USD back below 1.6400 after being as high as 1.6523. GBP/USD was last flat at 1.6380.
There was little in terms of economic data and majors have been dedicated themselves to reverse yesterday’s courses. EUR/USD resumed the slide and fell as low as 1.2860 after being rejected by the 1.2930 zone, while USD/JPY pulled back from fresh 6-year highs to the 108.80 area. Commodity currencies were little changed.
Elsewhere, European equities were broadly higher and US futures pointed to a positive opening. There is no first-tier data scheduled so investors might take time to weigh recent developments.
Main Headlines in Europe:
Germany Producer Price Index (YoY) in line with forecasts (-0.8%) in August
What’s the sentiment around the EUR/USD today? – Scotiabank and OCBC Bank
Gold holds near 8 ½-month low
Scotland decides to stay in the UK
EMU: Current Account surplus widens to €18.7B in July against forecasts
Oil price finishes the week flat
Cable rallied on the news but most of the ‘no’ vote was already priced in, so investors choose to take profits instead, sending GBP/USD back below 1.6400 after being as high as 1.6523. GBP/USD was last flat at 1.6380.
There was little in terms of economic data and majors have been dedicated themselves to reverse yesterday’s courses. EUR/USD resumed the slide and fell as low as 1.2860 after being rejected by the 1.2930 zone, while USD/JPY pulled back from fresh 6-year highs to the 108.80 area. Commodity currencies were little changed.
Elsewhere, European equities were broadly higher and US futures pointed to a positive opening. There is no first-tier data scheduled so investors might take time to weigh recent developments.
Main Headlines in Europe:
Germany Producer Price Index (YoY) in line with forecasts (-0.8%) in August
What’s the sentiment around the EUR/USD today? – Scotiabank and OCBC Bank
Gold holds near 8 ½-month low
Scotland decides to stay in the UK
EMU: Current Account surplus widens to €18.7B in July against forecasts
Oil price finishes the week flat