It’s been a lively 24 hours but we’re currently pausing for breath waiting for our North American friends to have their say before the big event later.
What big event I hear you shout? Ok, ok, just kidding.
GBPUSD has run out of puff again for the moment at 1.6353 but something tells me there’s still one more shove higher. Just feels so different to yesterday, quite apart from the jobs data, and I’m glad I was square again waking up this morning. I will look to sell again at some stage but that may well be post-FOMC.
EURGBP has some support at 0.8400 with more at 0.8385 and sits delicately poised after it’s fall earlier.
EURUSD has wait-and-see stamped all over it at 1.3750 while USDJPY is pinned once again around 103.00 due to a USD 2bln option expiry later.
USDCHF/EURCHF both steady but easing back again gently at 1.2214 and 0.8882.
So, do we have one last hurrah before Ben opens his Xmas box. ? Without doubt. There’s got to be a bit more position and bottom shuffling to be done yet.
