Forex Daily News

19th February 2019

FTSE falls to a key technical level as sterling rallies hard on soft Brexit optimism and solid UK data

FTSE was falling back to a key technical level on Tuesday as sterling burst up onto the 1.30 handle out of a symmetrical triangle, helped along by reports that the so-called 'Malthouse agreement' was now dead.
UK jobs data was solid and coupled up with last week's retail sales data nicely, despite the Brexit uncertainties. 
The FTSE 100 fell by 40.30 points…

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EUR/USD jumps to weekly highs above 1.1350 as US dollar tumbles

Euro extends gains versus US dollar, to the highest in 12 days. 
Greenback drops sharply across the board as US yields move lower. 

The EUR/USD pair continued to rise during the American session boosted by a decline of the US dollar and also by a rally of GBP/USD. The euro reached the highest level since February 7. It is having the best…

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18th February 2019