As traders position themselves for the US employment report at 8:30 AM, the GBP has set itself as the strongest currency today.
Strongest and weakest currencies in trading today. Employment awaited.
The trade deficit shrank today, manufacturing production was greater than expectations, but industrial production and construction output was not so great (see: November 2014 UK trade balance -8.848bn vs -9.400bn exp and November 2014 UK industrial production -0.1% vs 0.2% exp m/m). Perhaps the GBPUSD was just ready to bottom as per Adam’s post yesterday There is a case for buying cable here
The weakest currency is the NZD. The NZD has been one of the stronger currencies in 2015 – rising against all the major currencies over the last 5 trading days. Not today though. Some of those gains have been given back.
The NZD has been a top performer in 2015. Not today though