FOREX VIDEO | New York Session Review | June 1, 2011

A broad British pound sell-off was sparked by a report showing that the UK Manufacturing PMI dropped to a 20-month low in May. The currency pair widely known as cable fell more than 60 pips during the first 90 minutes of today's New York session.

Curt Wehrley
FX Bootcamp's Quantitative Analyst

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Comment by Rana Haq on June 2, 2011 at 4:19pm
Thanks for analysis.   Could we see in negative correlation how market respond to news.

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