Е/USD
Cable is maintaining a 1.88 handle, despite the much worse than
expected CBI orders balance (minus 13, compared to a forecast minus 7).
The rate"s rigidity since the official disclosure of the weak number suggests
many in the market were aware of it ahead.
A large 1.8850 plain-vanilla option rolls off at today"s NY cut (15:00GMT), and
this may help to prevent GBP/USD straying too far from the strike level ahead of
expiry
Cable is maintaining a 1.88 handle, despite the much worse than
expected CBI orders balance (minus 13, compared to a forecast minus 7).
The rate"s rigidity since the official disclosure of the weak number suggests
many in the market were aware of it ahead.
A large 1.8850 plain-vanilla option rolls off at today"s NY cut (15:00GMT), and
this may help to prevent GBP/USD straying too far from the strike level ahead of
expiry
Коментар