US Market Wrap: Sterling rocks, rolls and rallies
- UK Referendum on EU membership results
- Jobless Claims (Actual 259,000 vs. forecast 270,000)
- Markit Manufacturing PMI-June preliminary (51.4 vs forecast 50.8)
- New Home Sales change -May (Actual-6.0% vs previous 12.3%)
- CB Leading Indicators (Actual-0.2% vs forecast 0.1%)
FX markets were as noisy as a club at last call and like many of those club patrons, a tad unsteady. New York traders followed the lead of their European brethren, adding to and paring back positions while rain drenched Brits headed to the polls.
It should come as no surprise that GBPUSD was the liveliest currency pair trading within the widest band but when the day ended, Sterling was within .0010 of where it was when it opened. That changed at 2200 GMT.
Forex price fluctuations