FXMarketAlerts Team
FXMarketAlerts
Published at 04:53 (GMT) 25 Mar
More updates on the air crash for info:
Guardian: French air investigators are urgently examining a black box cockpit voice recorder (CVR) from a Germanwings Airbus A-320 to try to solve the mystery of why the aircraft crashed into a mountain in the southern Alps, killing all 150 people on board.
Investigators are puzzled as to why the crew did not send out a mayday or distress signal as flight U49525 rapidly lost altitude for eight minutes, or why the pilot did not change course to avoid smashing into a rocky ravine at around 430mph (700kmh). In the last 10 minutes of the flight there was total radio silence from the crew of the Barcelona–Düsseldorf flight operated by Lufthansa's low-cost subsidiary.
On FX, ongoing focus on the news of the air disaster. Focus on cause of the disaster. EUR/USD at 1.0922-25, offers at 1.0950/1.1000, Bid at 1.0890-00. Stoploss below 1.0875/50.
GBP/USD at 1.4855-60, offers at 1.4900-10, bid at 1.4800-10. With BoE Shafik signalling next BoE move still a hike - but possibly a cut as suggested by BoE Chief Economist Haldane personal view.
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