GBPUSD fell sharply on UK current account report. Today became “the day the wheel fell off” raising further doubt on cable, GBPUSD in its market trading activities. Is this a true mirror of UK economy?
GBPUSD fell sharply on UK current account report. Today became “the day the wheel fell off” raising further doubt on cable, GBPUSD in its market trading activities. Is this a true mirror of UK economy?

Is this the United States of America House of Congress or the House of Chaos? Only in America….! Only in a America could such an imposing impasses be allowed to crippled what is left of the Bush economy. Only in America would the gate keepers of the law be allowed to burn the house down, [...]
October in the eyes of a trader, a month of volatility and trading rewards. October, a month leaders of the free world powers would like to forget. And a couple of weeks etched on the marbled of their hearts with fear of not knowing what would happen next. This is the challenge facing western leaders today. The significant shift in the financial markets on the world’s financial lending habbits is an indictment of what we have come to accept – greed.
LONDON: Euro dollar, EUR USD makes new 12-month low of 1.3746 in today’s trading after an early morning of choppy trades. The day started with Frankfurt riding the pair to 1.3965 in the first hour before it quickly descended to 1.3854 even before the main European currency markets opened in London.
Euro currency have managed to stave off every attempt to sell-off yesterday’s gains in today’s trading. At the moment it’s winning that fight so well, but for how long?
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