Free Trial

Volatility Picks Up Amid Holiday-Thinned Liquidity

GBP
  • Wave of GBP weakness evident in recent trade, with price action likely heightened by thin liquidity due to the UK market holiday today.
  • GBP/USD plumbs new session lows while EUR/USD hits the day's best levels at 0.8410. Resistance layered ahead in the cross at 0.8433/68 High Apr 29 / High Apr 27 as well as 0.8512/39 High Mar 31 / 2.0% 10-dma envelope.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.