*****It’s Thanksgiving today in the US, so we may have a relatively inactive day on the markets.*****
A quiet day yesterday, with not much in the way of data. All nine MPC members voted to keep interest rates steady at 4.5% in the November meeting, a clear indication that we shouldn’t be expecting any change for December/January. The Bank is in “wait and see” mode.
Cable and EuroDollar spent the day in tight ranges following Tuesday’s big rally, and SterlingEuro remains weak.
In terms of today’s data there is the German IFO survey at 09:00 which could impact the Euro.
GBP EUR – Support 1.4550 then 1.4530
Resistance 1.4600, 1.4655 then 1.4675
GBP USD – Support 1.7200, 17150 then 17062
Resistance 1.7260 then 1.7302
Related posts:
