Forex news for NY trading on November 10, 2016
In other markets:
– S&P index +0.20%. NASDAQ composite index -0.81%. Dow industrial average +1.17%
– 10 year bond yield 2.1378%, +8 basis points
Today was a good day for the pound. A snapshot of the % changes vs the major currencies shows it rose over 1% versus each. Catalyst for the move? It seems the market is feeling more comfortable about change. It has not taken long to reverse the "world is going to end if Trump becomes President" idea. And that seems to have rubbed off on the sentiment about the GBP pairs which are still trading more near post-Brexit lows.
Forexlive Americas forex news wrap: GBP the big gainer in trading today
