4 Nov 2013
Flash: GBP/USD lower on US data and profit taking - Investec
FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that GBP/USD also moved lower on Friday last week after upside surprises to US data and a general profit taking.
Key Quotes
“We saw GBP/USD race lower through the ever important physiological level 1.6000, as the first batch of October US data (from during the shutdown period) and strong manufacturing sector data showed the US economy was in better shape than many had expected.”
Key Quotes
“We saw GBP/USD race lower through the ever important physiological level 1.6000, as the first batch of October US data (from during the shutdown period) and strong manufacturing sector data showed the US economy was in better shape than many had expected.”