Monday, 26 October 2009

Dollars a barrel

The pound has traded sharply weaker vs. the Euro - apparently on the continued fall out from the BoE's King and the other two MPC members who also voted for an even large expansion in the asset purchase program. 0.8700 is a critical level in EURGBP. GBPUSD, meanwhile, remains tied up in a tight range.

USDCAD is punching through to new lows today on the strong (if ancient....) retail sales data from June and more importantly the general risk appetite picture and strong rise in oil prices, which are now challenging the highs for the year around 75 dollars a barrel.

No comments:

Post a Comment