Home Uncategorized European Monetary Union CFTC EUR NC Net Positions declined to €158.8K from previous €159.9K

European Monetary Union CFTC EUR NC Net Positions declined to €158.8K from previous €159.9K

by Baker Graemy
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GBP/USD returns below 1.2600 on renewed USD strength

GBP/USD returns below 1.2600 on renewed USD strength

GBP/USD lost its traction and touched its weakest level in 10 weeks below 1.2550 before correcting slightly higher. The renewed US Dollar strength following Fed Chair Powell’s speech at Jackson Hole weighs on the pair, which remains on track to end the week deep in negative territory.

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