ForexLive morning news wrap: Pound in focus again but not the only game in town

Author: Mike Paterson | Category: News

Forex news for the European morning trading session 5 Dec 2017

News:

Data:
Busy times again with GBP pairs in focus on Brexit and PMI data but CAD, CHF and also with tales to tell.

Here's your p/a summary. Headline stories above:
  • GBPUSD down to 1.3370 from 1.3465, back up to 1.3440
  • EURGBP up to 0.8868  from 0.8807 and back down to 0.0.8825
  • USDJPY down to 112.40 from 112.70 then back to 112.60 /
  • EURUSD down to 1.1842 from 1.1870 then bounce back before capping again
  • USDCHF in retreat to test 0.9830-40 support with EURCHF retreating too
  • USDCAD broken down through 1.265-60 support/bids to post 1.2635 continuing its falls from Friday
  • AUDUSD and NZDUSD held up well again
                                                       GBPUSD 15m
  • Equities opened mixed and remain so
  • Oil posted a few losses
Data coming up includes US and Canadian trade releases but attention mainly focussed elsewhere still.