Article / 14 November 2017 at 12:18 GMT

Mid-session Europe: Sterling pounded, euro soars

Saxo Markets
  • EURUSD saw renewed strength after a series of positive macroeconomic news 
  • GBPUSD slipped to 130.82 and EURGBP hit a 0.8952 high after weak UK CPI 
  • The day is filled with data but core European 10-yr yields are stable today 
  • Gold trades lower after a high volume sell order hit the futures price 
  • Oil lower after the IEA paints a less bullish picture of the months ahead


Things are starting to look bleak on the British high street.Photo: 1000 Words/Shutterstock

By the Global Sales Trading Team

  • Germany Q3 GDP data above estimates: Y/Y at +2.8% vs +2.3%estimated
  • European equities slide on the back of EUR hitting the 3-week maximums
  • UK inflation unchanged at +3% Y/Y missing +3.1% growth expectations
  • European 10-yr yields stable today with Portuguese debt outperforming despite GDP data release missed the estimates
  • Gold trades lower after a high volume sell order sent the price down by six dollars before stabilising.

Please click on the attached PDF for the Saxo Bank Global Sales Team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.

Mid-session Europe: November 14, 2017

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Mid-session Europe: November 14, 2017


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