Sterling Speculators Await Release Of BoE Minutes

November 18th, 2009 • Related • Filed Under • Print Print • A A A




G10 Advancers and Decliners vs USD
EUR 0.20
CHF 0.19
JPY 0.14
GBP -0.01
There has been some consolidation in FX overnight after yesterday’s USD rally pushed EURUSD to threaten its 12 month uptrend and test major resistance at 1.4810. The catalyst appears to have been comments from the Fed’s Yellen that suggested higher rates could help stem “damaging” leverage; yet another piece of rhetoric that has unnerved short USD positions after Bernanke’s comments the day…

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