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News in 60 Seconds

News in 60 Seconds: GBP continues to benefit from analysts' comments!

Rating: 2 votes, 5.00 average.
by , 12-31-2009 at 09:04 AM (1158 Views)
I want to wish you guys a Happy New Year. Thanks for being a reader of "News in 60 Seconds". I hope it's helped to make your day easier as I hunt down information for you.

Biggest % gainers: GBP/JPY up 1.12%, GBP/USD, AUD/JPY, CHF/JPY on strong GBP strength and mild JPY weakness.

Biggest % losers:
EUR/GBP down 0.51%, USD/CHF, USD/CAD, EUR/CHF on mild USD weakness, mild CHF strength and GBP strength.

GBP still enjoying the comments yesterday ...as some analysts reported that the pound was "undervalued". GBP being easily pushed around on ultra-thin volumes with most major banks of the world closed for business.

Oil $79.33
Gold $1,102.80

GBP Nationwide Home Price Index (HPI) m/m in line at 0.4% as expected but slightly lower than the 0.5% previous reading.

USD Unemployment Claims better than expected at 432k vs. 460k expected and 454k last time.

Most banks are on holiday today:
Germany, Italy, New Zealand, Australia, Japan, ...even China, etc.

Sean Hyman
DailyFX Forum Moderator

Comments

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