Sterling lower after service activity data

Source: Bloomberg
© Dukascopy Bank SA
The British Pound depreciated for a third consecutive day versus greenback after government report showed nation's service PMI in June dropped more than forecast. The Pound fell 0.6% against US Dollar to USD 1.5594. Forex strategist Lee Hardman expects Sterling to reach two-year low at USD 1.50 in upcoming three months. Currently GBP/USD is trading at USD 1.5595. 
Back to articles

Actual Topics

Thu, 05 Jul 2012 07:16:43 GMT

European shares end slightly lower on Wednesday

European stock markets experienced a low volume trading session on Wednesday as US markets were closed for the US Independence Day. Stoxx Europe 600 traded flat at 257, German DAX slipped 0.2% and Spanish IBEX 35 lost 0.7%. French CAC 40 and British FTSE 100 each gave up 0.1%. Athens General Index rallied 4.9%.

Thu, 05 Jul 2012 06:46:39 GMT

Yen depreciates on hopes for stimulus

The Japanese Yen trade close to flat versus Euro on Thursday but weakened against the US Dollar as investors bet central banks will add stimulus. The Yen fell versus greenback to JPY 79.83 during Asian trading hours. Currently USD/JPY is trading at JPY 79.75. US markets were closed yesterday. 

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.