Forex news for US trading on January 19, 2016:
– down $1.45 to $1086
– WTI crude down $1.00 to $28.42
– S&P 500 up 3 points to 1882
– US 10 year yields up 1 bps to 2.05%
Carney was the big story of the day as he reiterated what was first tipped a month ago when Weale shifted to the dovish side. Cable had been climbing higher in Europe to 1.4310 but was smashed down to 1.4129 in early US trading. It then staged a slow recovery before running into offers at 1.4200 and finishing near 1.4175.
