Pound feels some love from the Autumn Statement

UK fin min Hammond is delivering his first thoughts on the economy 23 Nov

So far so good, or so far as we thought and I outlined earlier in my preview.

Much of the gloomy picture has already been factored in since Monday"s rally and we"ve now seen GBPUSD pop to 1.2436 and EURGBP down to 0.8538 after earlier 1.2368 and 0.8594 extremes.

Expect more two-way jostling for position with focus quickly turning to US data and the FOMC Minutes before our friends across the pond head out for the Thanskgiving hoedown.

I"m out of here now so I"ll wish you all good trading and to our US cousins happy hols.

Pound feels some love from the Autumn Statement
Pound feels some love from the Autumn Statement
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