7 Apr 2014
GBP/USD keeps below 1.6600 - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks the softer tone from the EUR and the GBP.
Key Quotes
"EURUSD touched one month lows on Friday as the US Non Farm Payrolls numbers came in a touch higher than expectations, showing a continued recovery in the US, with the EUR remaining under selling pressure after ECB President Draghi's dovish press conference on Thursday. USD gains were small in most pairs as the unemployment rate remained steady, although the participation rate moved higher explaining the move."
"GBPUSD finished the week back below 1.6600 although GBPEUR seems to have been the greatest driver of GBP in the last few sessions, trading back up to 1.2100 where we have seen consolidated. The USD was also supported by talk in a German newspaper that the ECB was modelling the effects of conducting €1trn of QE."
Key Quotes
"EURUSD touched one month lows on Friday as the US Non Farm Payrolls numbers came in a touch higher than expectations, showing a continued recovery in the US, with the EUR remaining under selling pressure after ECB President Draghi's dovish press conference on Thursday. USD gains were small in most pairs as the unemployment rate remained steady, although the participation rate moved higher explaining the move."
"GBPUSD finished the week back below 1.6600 although GBPEUR seems to have been the greatest driver of GBP in the last few sessions, trading back up to 1.2100 where we have seen consolidated. The USD was also supported by talk in a German newspaper that the ECB was modelling the effects of conducting €1trn of QE."