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EZ’s CPI’s seized upon - BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noting how sensitive markets are currently to the current environment surrounding Europe.

Key Quotes:

"The market is particularly sensitive to developments that could spur a strong policy response at the ECB's meeting on Thursday”.

“Today's preliminary September CPI figures were seized upon to drive the euro to fresh lows, against both the dollar and sterling."

EUR/USD finds resistance at 1.2635

Greenback lost momentum against European currencies after Wall Street opening bell and trimmed gains.
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GBP/USD bulls giving way in key “buy dips territory”

GBP/USD is trading at 1.6208, down -0.20% on the day, having posted a daily high at 1.6289 and low at 1.6166.
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