FX Brief Cable Closes at 2 Year Low Under 12500

Matt Weller
By :  ,  Head of Market Research

  • GBP/USD is on track to close at its lowest level in over two years after a run of weak UK and strong US data.
  • The Swiss franc was the strongest major currency today and the Aussie was the weakest.
  • USD/MXN rallied to a 1-month high near 19.40 after Mexico’s Finance Minister unexpectedly resigned.
  • All eyes are turning toward Fed Chairman Powell’s testimony to Congress, which kicks off during tomorrow morning’s US session; the minutes from the most recent FOMC meeting will be released that afternoon.

Related tags: Forex

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