Forex news for US trading on May 12, 2016
Markets:
– Gold down $10 to $1267
– WTI crude up 26-cents to $46.49
– US 10-year yields up 1 bps to 1.75%
– S&P 500 flat at 2064
Cable took off after the BOE minutes and in a move that was choppy at first and then led to a rip up to 1.4525 from 1.4450 with the final half-cent coming in only a few minutes. None of the gains lasted and from 1.4530 the fell right back down to 1.4445 to finish the day unchanged.
