The GBP continues its descent |
|
Today’s comment Majors & Scandies By the Majors & Scandis Team Yesterday the GBP pared most of the gains made ahead of the weekend as details of the scheme to relive tensions in credit markets in the UK were released. According to the scheme banks are allowed to swap certain assets for safer government bonds for up to three years. Banks can then use these bonds raise the liquidity they need. However banks who wish to make the asset swap will be required to pay a fee corresponding to
Filed under: Technical
Latest Posts
- Sentiment remains EUR/USD supportive
- Czech bond yields at all time lows
- EUR/GBP, USD/CAD, GBP/JPY Technicals
- US: Initial claims continued to trend down last week
- long nzdusd
- EUR/USD Strategy: SHORT 1 at 1.3175, Obj: 1.2375, Stop: 1.3015
- Eurodollar Future – December 2010
- Strategy for today: Short USD/JPY and USD/CHF
- Traders Await US Jobs Data
- The correction yesterday started in the European session
- Forex Technical Analysis on Majors
- Technical Summary for Majors
- Market Comment
- Daily Forex Overview
- USDJPY low trading range continues
No Comments! Be The First!