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Mar 12, 2013
Forex: GBP/USD below 1.49 ahead of key UK data
Cable is down at fresh session lows 1.4891 from NY session highs printed at 1.4933, few pips below previous London and weekly highs at 1.4944. Pound is the third weakest major currency since March started, only above Yen, the weakest of all by far, and in a close match with Swiss franc. The pair is still above yesterday's lows at 1.4865, the lowest seen since June 2010. For the London session ahead UK Manufacturing production for January on monthly basis at 09:30 GMT will be key risk event of the day, along with UK Trade balance and Industrial production at same hour.
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Mar 12, 2013
Session Recap: USD/JPY makes new highs; BoJ may call emergency meeting
Quiet day of trading in Asia. The Australian Dollar and the Japanese Yen were the only two currencies entertaining a bit with the first enjoying a short-lived spike, while the latter extended losses once again. Euro is fractionally lower, Pound heaviness is undisturbed, while the US Dollar has been holding its ground after yesterday's losses.
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