Cable takes another peek above 1.3700, can buyers break through this time?
GBP/USD touches its highest levels since May 2018
The pound is the standout performer on the session as cable climbs to a high of 1.3718 on the day, its highest levels since May 2018. The move here comes as the pound strengthens amid a breakdown in key technical support in EUR/GBP .
Biden to revoke permit granted to Keystone XL oil pipeline later today
A statement released on Biden's plan of actions ahead of his inauguration later in the day
In total, he will be signing 15 executive actions after the inauguration today but the above are among the notable ones laid out by the statement. Most of that has already been made known with the Keystone XL one having
Gold has a slow start to 2021
Usually gold has a great start to the year on Chinese gold buying for the Lunar New year celebrations. In the last 10 years gold has risen eight years out of ten in January. The largest gain was in 2012 with a strong 9.14% rise. The biggest loss was
UK November house prices show highest growth rate since June 2016
The UK housing market continues to soar to new heights amid the virus crisis
ONS reports that house prices grew by 7.6% y/y in November, reflecting the highest growth rate since June 2016. The data just reaffirms the housing boom in the UK amid the virus crisis as low rates and the stamp duty holiday has
Euro hits a snag as EUR/GBP threatens break of key technical support
EUR/GBP falls to its lowest level since May last year
The push lower in EUR/GBP is playing into pound strength and euro weakness on the session, with the pair now falling to its weakest levels since May last year.
A slight advance to kick start the session
- Eurostoxx +0.4%
- Germany DAX +0.2%
- France CAC 40 +0.3%
- UK FTSE +0.1%
- Spain IBEX +0.4%
This reflects the more positive mood in US futures as well, with S&P 500 futures up 0.2% and Nasdaq futures up 0.6% currently. Equities are still looking rather buoyant as we brace for
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