Pound plunges, Yen surges

Oil's decline weighed on currencies, but the Pound sunk on news that PM Theresa May's lead fell by five points according to the latest YouGov poll. Yen outperforms overnight as Japanese inflation surprises to the upside.

GBP/USD: Bearish below 1.2930, for a tight test of 1.2830 key hurdle

EUR/USD Forecast: holding in range, but bulls don't give up

US GDP market impact

Short-term volatility is expected to double the current intraday ATR measures. The previous release came out in contraction territory and saw a deviation of -2.2 which corresponded to a retracement from daily highs in the EUR/USD.

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