New week in the forex market: Early indications show pressure on the pound – ForexLive
How is the open shaping up?
- EUR/USD +3 pips to 1.1794
- USD/JPY +12 pips to 109.69
- GBP/USD -26 points to 1.3837
- USD/CHF -6 pips to 0.9154
- USD/CAD +7 pips to 1.2520
- AUD/USD -1 pip to 0.7368
- NZD/USD +2 pips to 0.7039
I would put a big caveat on that GBP/USD number until liquidity picks up because I don’t see any relevant UK news. All the headlines are about UK parliament being recalled over Afghanistan and Tottenham stunning Man City.
Here was how the daily cable chart looked at the close on Friday:
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