Forex news and economic data headlines 6 July 2016
Europe awoke to the pound getting another going over as it smashed through the 1985 levels to 1.2798. Pretty much everything else was following. That blowout seemed to clear the decks somewhat and we spent most of the morning trying to patch things up. GBPUSD wandered up to 1.30 and found sellers lurking like a kid playing Whack-a-mole. The quid got malleted down to 1.2920 but bounced once again to break 1.3000 to 1.3015. Maybe the kid was off getting more change because he’s since come back and knocked it down to 1.2971.
Forexlive European FX News wrap: Mild morning risk bounce turns to late morning mess
