European Market Update: UK Production Data Disappoints As Markets Await NFP

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Oct 7, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    GBP/USD is trading sharply lower after a flash crash overnight sent Cable spiking lower from just above the 1.26 handle to lows of $1.1838, breaking the May 1985 lows of $1.1880, before consolidating back up around the 1.24 handle; Cable trading below the 1.24 handle at the time of writing[​IMG]

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