Rabobank - "Although the traditional safe-haven currencies of Japan and Switzerland have lost the most ground against EUR so far this year at -4.7% and -3.3% respectively, GBP has come in a close third losing just over 3% versus EUR. GBP was unhelped by much weaker than expected retail sales data for December which showed a contraction in sales during December to yet again highlight the state of the UK high street which has been firmly in focus following a number of high profile company closures. GBP/USD is currently just north of some key technical levels with the 200dma at 1.5908 providing support before opening up the confluence of multiple lows at 1.5838 - a close below that level potentially opening up an extended move lower."


Views: 73

Tags: Bank of England, Cable, GBP/USD, GBPUSD, Rabobank, Sterling


You need to be a member of Forex Social Network to add comments!

Join Forex Social Network


© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service


Live Video