Forex Analysis

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GBP/USD: Sterling slips towards 1.3300 on USD strength

The GBP/USD is falling some 0.50% on the day and nears 1.3300. The market mood has soured on trade concerns. Earlier, US Core Durable Goods Orders beat expectations while UK GDP was confirmed at 0.1% QoQ as expected.


USD/JPY: Dollar down with stocks, bond yields and the mood

The USD/JPY is trading around 109.20, turning negative on the day. The safe-haven yen is attracting demand as concerns over global trade and the peace process in the Korean peninsula weigh. Earlier, Core Durable Goods Orders beat expectations and Fed Chair Jerome Powell did not comment on monetary policy.


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