Pound shoots up but comes back down - Forex News by FX Leaders

Pound shoots up but comes back down

Posted Thursday, May 12, 2016 by
Skerdian Meta • 1 min read

The BOE released their statement and although there were some comments about risks to the economy, the general tone was more hawkish than expected. So, the British Pound surged nearly 100 pips up to 1.45 but has given back some of those gains now. Meanwhile, the US unemployment claims just got published and they were 24K above expectations, which is hurting the USD at the moment.

GBP/USD reversed just shy of 1.45

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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