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US Session:

11/11/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.05 CHF -0.11 EUR -0.18 GBP -1.14

GBP has taken a considerable beating today compared with its major peers despite a surprise drop in ILO Unemployment rate to 7.8% (8.0% expected, 7.9% last), and the BoE’s Quarterly Inflation Report which upgraded growth forecasts modestly and indicated inflation was set to rise sharply in the short term. GBPUSD was trading around 1.6750 before the release but rapidly plunged down to 1.6650 and…

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