Intraday Market Thoughts

Archived IMT (2009.12.02)

by Ashraf Laidi
Dec 2, 2009 9:56

A rise in UK Nov construction PMI to 47 from 46.2 and Hawkish comments from BoEs Dale about the UK recovery being on track did help sterling recover from its session lows. GBPUSD hit the 1.6560 target and now looking to break above the 1.6630-40 trend line again. Only a close above 1.6660 would be deemed successful break. WATCH ASHRAFs INTERVIEW on FX, oil, Dubai fallout and equity indices.


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