ForexLive morning news wrap: Pound steals the limelight in a busy start to the week

Author: Mike Paterson | Category: News

Forex news for the European morning trading session 4 Dec 2017

A busy session that's ultimately seen the pound claw back all it's early losses, and more, on Brexit talk hopes while the Canadian $ has continued it's advance begun on Friday.

Here's a p/a summary.
  • GBPUSD lows of 1.3419 but up to 1.3539 on hopes of Brexit progress, partic over Ireland
  • EURGBP up to 0.8835 but down to 0.8757 on the GBP demand. Large-ish options in play at 0.8789 today
  • USDJPY had an early look above 113.00 on USD demand/better risk sentiment only to fall back to test 112.80 again
  • EURUSD down to 1.1835 then bounce to 1.1880 before capping at good offers/res
  • USDCAD has ignored the periods of USD demand and made its way down to test 1.265-60 support/bids continuing its falls from Friday
  • AUDUSD and NZDUSD held up well with large AUDNZD expiries in play at 1.1100
  • Equities opened firmer and held gains
Little to come on data front but all eyes on Brexit talks and Trump/tax/Flynn impacts.