Euro weakness was the main theme yesterday...
Today is a US holiday (Veteran's Day).
Euro weakness was the main theme yesterday, with EURUSD weaker, GBPEUR up, and GBPUSD only down a little.
No change from the MPC, as expected.
US consumer confidence was 79.9, higher than the expected 76.5.
The US Trade Deficit was higher than expected, at a record $66.5Bn for the month of September, the rise being accoutned for by falling exports and the rising cost of imported oil.
GBP EUR - Support 1.4830 then 1.4800
Resistance 1.4900 - 1.4910 then 1.5000
GBP USD - Support 1.7325(Tuesday's low) then 1.7275 (July low)
Resistance 1.7517 then 1.7600
DATA: None
Posted at: 09:41
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