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Jul 1, 2015
GBP/USD: Weakness persists, breaks below 1.57
GBP/USD saw a round trip on Tuesday, initially boosted towards 1.5770 after finding committed buyers off 1.57, but the London fix led to a sharp slide backk down towards those bids at 1.57, first hlding the price, however further selling just hit the GBP, and amid thin-liquidity in early Asia, the pair has hit a weekly low of 1.5683 now.
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Jul 1, 2015
Fed's Bullard: Rate hike very much in play for September
James Bullard, President of the Fed of St. Louis, is taking questions from reporters after delivering a speech, noting that a Fed rate hike is 'very much in play for September', not ruling out the possibility of a hike in July.
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