Sterling under $1.30 on sluggish data and dovish words on policy (news:09/08/16)

Posted On 09 Aug 2016

By : Alpari

Comment: 0

Tag: GBP

Today’s Press

Wall Street opens little changed

U.S. stocks were little changed at the open on Tuesday as oil prices held steady above the $45 mark, a day after the S&P 500 touched a record intraday high.
Brexit Bulletin: What the Rest of the EU Wants

Several countries including Germany, Portugal and the Czech Republic say the U.K. must accept freedom of movement rules in return for single-market access, writes Bloomberg’s Alan Crawford. France may be ready to go even further and link free movement to Britain”s ambition of keeping the so-called passport rights that allow banks to sell services on the continent.
Sterling under $1.30 on sluggish data and dovish words on policy

The pound fell 0.4 per cent to $1.2982, breaking below the $1.30 threshold for the first time in 19 trading sessions. The currency has previously found support after the UK”s Brexit vote around the $1.30 mark, having closed under it only four times since the referendum. It left the currency on course for its fifth successive session of declines.

Next Trading Day’s Important Events

06:05 (GMT+3) RBA governor speaks

Forex Quotes:

USDJPY: 102.03
EURUSD: 1.1103

Indices:

S&P 500: 2,184.10
NASDAQ : 5,227.05

Source:: Sterling under $1.30 on sluggish data and dovish words on policy (news:09/08/16)

About the Author

Alpari was founded in 1998 and is one of the world’s leading Forex brokers, offering clients a full package of the most modern financial instruments and technological solutions for online trading and investment. According to data from Finance Magnates, Alpari has been one of the largest Forex brokers in the world for a number of years. The trading turnover of the Alpari companies in 2014 was 2.5 trillion USD. Today Alpari is the world’s largest MetaTrader 4 Forex broker. The first half of 2015 saw company branches offering their services to over one million clients from over 150 countries in the world. Alpari clients have access to over 50 currency pairs and an extensive range of other instruments. The company offers the use of three trading platforms for computer and mobile applications for use with iOS and Android. Alpari is a member of international organizations such as The Financial Commission (Hong Kong) and CRFIN (Russia). Bonuses: the Alpari Bonus Program was launched in 2014 and allows clients to independently change their conditions for working on the financial market: reduce commission, save money on swaps, improve conversion rates and much more. Read More about Alpari HERE or you can visit their website direct by CLICKING HERE..