Intra-Day Market Moving News and Views
05 Oct 2015 02:00GMT
GBP/USD - ..... The British pound has found renewed buying at 1.5169 in Australia and ratcheted higher to 1.5216 in early Asian morning on dlr's broad-based weakness following Fri's poor U.S. jobs report.
Earlier on Friday, price rallied to session high at 1.5238 immediately after the release before swiftly retreating to 1.5168 near New York close due to the rise in U.S. equities.
Pay attention to the release of UK services PMI at 08:30GMT.
Street forecast is for an increase to 56.0 from previous reading of 55.6.
Offers have now been raised to 1.5230/40 with stops building up above there whilst initial bids are noted at 1.5170/80, suggesting price would trade in choppy fashion ahead of European open.
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