US FX Handover – 16 April 2019

Matt Weller
By :  ,  Head of Market Research

  • The pound was the weakest major currency on the day after a report stated there was no agreement on a customs union between Labour and Conservatives.
  • The loonie was the strongest major currency, boosted by an uptick in oil prices, in relatively quiet trade.
  • Gold is testing key support at the year-to-date lows near 1275 – a break below that area would be a bearish sign moving forward.
  • Inflation watchers note: tomorrow brings CPI data from New Zealand, the UK, and Canada.

Related tags: Forex Forex

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