FX MARKET REPORT 26.01.2021

FX MARKET REPORT 26.01.2021

FX MARKET REPORT 26.01.2021

Daily Commentary
Daily Commentary
FX MARKET REPORT 26.01.2021
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FX MARKET REPORT 26.01.2021

The GBP/USD pair remained depressed below mid-1.3600s, or near multi-day lows and had a rather muted reaction to upbeat UK employment details. The number of people claiming jobless benefits rose by 7K in December, against expectations +35K and 38.1K seen previously. The downbeat market mood benefitted the safe-haven USD and exerted pressure on GBP/USD. EUR/USD sees a V-shaped reversal just above the 1.2100 level. Risk tone recovery alongside the European equities, downs the USD. US CB Consumer Confidence data and stimulus updates in focus. The dollar index was up 0.2% at 90.547. USD/JPY was down 0.1% at 103.78, GBP/USD fell 0.4% to 1.3620, while the risk-sensitive AUD/USD was down 0.4% at 0.7675.

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The GBP/USD pair remained depressed below mid-1.3600s, or near multi-day lows and had a rather muted reaction to upbeat UK employment details. The number of people claiming jobless benefits rose by 7K in December, against expectations +35K and 38.1K seen previously. The downbeat market mood benefitted the safe-haven USD and exerted pressure on GBP/USD. EUR/USD…

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