- British Pound steps back on weaker PMI Manufacturing report.
- GBPUSD and GBPJPY tumble into important short-term support.
- Plenty of event risk this week: US ISM Manufacturing today, BoE on Thursday.
To keep up with this week's central bank meetings and implications on emerging markets, be sure to sign up for my distribution list.
A weaker than expected UK PMI Manufacturing report has knocked the British Pound into pivotal levels from early-December against the Japanese Yen and the US Dollar. A break below $1.6310 exposes 1.6200 for $GBPUSD, while the GBPJPY slam lower is nearing its triangle measured 100% target at ¥165.54.
--- Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail firstname.lastname@example.org
Follow him on Twitter at @CVecchioFX
To be added to Christopher’s e-mail distribution list, please fill out this form