US data boosts Dollar, leading to three-day decline in EUR/USD
EUR/USD Drops as US Economic Data Strengthens
Market participants are looking for more data to guide their decisions. Key Eurozone figures on consumer confidence and economic sentiment are expected soon. In the US, news about job cuts and initial jobless claims will help indicate future trends.
The EUR/USD exchange rate shows signs of weakness, closing below 1.1700. The Relative Strength Index has fallen below neutral, and the price must break through the 20-day Simple Moving Average for a potential recovery.
The US Dollar is gaining strength against the Euro due to strong reports from late 2025, highlighting a surprising performance by the American economy. The EUR/USD pair has now dropped for three consecutive days, falling below the crucial 1.1700 level. This downward trend may continue as long as US economic data remains better than that from Europe.
**US Dollar Strength and Euro Weakness**
The strength of the Dollar is evident, with the US ISM Services index for December 2025 hitting 54.4, surpassing expectations and indicating a healthy business environment. This is backed by the latest Nonfarm Payrolls report, which revealed the economy added 150,000 jobs, suggesting that the Federal Reserve won’t need to lower interest rates. As of the end of 2025, the labor market seems to be strong.
On the other hand, the Euro faces challenges. Inflation in the Eurozone has stabilized around the European Central Bank’s 2% target, easing the need for tighter policies. Additionally, a recent report showed a 0.7% decline in German industrial production last November, indicating a weaker economic outlook compared to the US. This growing disparity in economic progress and central bank approaches is deeply affecting the Euro’s value.
For traders, this presents an opportunity to consider strategies that benefit from a continued drop in the EUR/USD exchange rate. Buying put options with strike prices near upcoming support levels, such as 1.1650 or even 1.1600, could be a wise choice in the coming weeks. This strategy allows us to take part in the decline while clearly defining our maximum risk.
However, we must stay alert for any signs of a trend reversal, especially with the upcoming US Initial Jobless Claims data. If there is an unexpected increase in US unemployment claims, it could quickly halt the Dollar’s rise. If the EUR/USD pair manages to rise and stay above the 1.1735 resistance level, we would need to rethink our bearish outlook.
This situation is reminiscent of 2022, when the Federal Reserve raised rates much faster than the ECB. That difference in policy led to a significant drop in the EUR/USD, falling below the 1.0000 mark. While we may not see such a drastic change this time, historical trends suggest that differences in central bank policies can lead to sustained directional movements.
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Update on the Nasdaq 100: Elliott Wave analysis indicates potential new all-time highs.
The analysis of the Nasdaq 100 uses the Elliott Wave Principle. It suggests that as long as the November 21 low of 23854 holds, the bull market could continue at least until April. However, if the index falls below this point, it might signal the start of a bear market.
Right now, the Nasdaq 100 has gone through different waves: it hit a low of 24647, rallied to 25716, and then dropped again to 25086. Based on these trends, it seems likely that the index will rise in waves and could potentially reach around 27225.
Upcoming Movements
In the near future, we expect the index to climb to about 26825 before dropping to around 26155, and then rising again to roughly 27225. If the trend shifts to an overlapping ending diagonal, the index might even rally higher to about 27860. However, once the current wave finishes, a bear market similar to what we saw in 2022 is expected before another long-term recovery begins. Warning levels—25639, 25428, 25086, 24647, and 23854—are key indicators for possible trend reversals. These levels will be adjusted upwards as the index rises. Keep in mind, this analysis is not investment advice but rather an informational overview. From our analysis in early 2025, we predicted that the Nasdaq 100 would likely reach new all-time highs before entering a significant bear market. The index was seen to be in a strong upward wave, supported by key levels established in late 2024. This bullish phase was expected to continue into the second quarter of 2025. Looking back, our forecast proved to be largely correct, as the index rose during the first half of 2025, peaking at about 27,650 in late May before the expected downturn began. The CBOE Volatility Index (VIX), which was around multi-year lows near 13 during that rise, later surged above 30 in the third quarter of 2025, confirming a significant shift in market sentiment. This historical data shows that the market followed the expected path from a bullish phase to a bearish reversal.Current Trading Environment
Currently, the Nasdaq 100 is trading near 19,800, indicating we are in the “2022-like” bear market that we anticipated. Recent economic data shows a slowdown in the growth of corporate earnings, with Q4 2025 earnings for tech companies falling 5% below analyst expectations. This suggests that any rallies will likely be short-lived and met with selling pressure. For those trading derivatives, it’s crucial to keep an eye on volatility. The high VIX makes buying options costly, so strategies like selling call credit spreads during brief rallies towards resistance may be beneficial. The aim is to profit from falling prices and decreasing implied volatility after a bounce. We see significant resistance around the 21,000 level, a critical support area that failed during the late 2025 decline. Therefore, traders should consider buying put options or setting up bearish debit spreads if the index approaches that zone, providing downside exposure with limited risk. Recent figures show the CBOE equity put/call ratio remains high at 0.95, indicating ongoing demand for downside protection, which supports this bearish outlook. Create your live VT Markets account and start trading now.The US Dollar shows mixed results after a strong start to the trading year.
The US Dollar was mixed on Wednesday, losing some momentum after a strong start to the trading year. Attention is on upcoming US data, which could affect decisions by the Federal Reserve.
Market Overview
The Dollar Index fluctuated in the mid-98.00s, influenced by mixed signals from the US ADP report and ISM Services PMI. Key data releases on Thursday will include Initial Jobless Claims, Challenger Job Cuts, Balance of Trade results, and the Unit Labor Cost index. EUR/USD saw a small increase but remained below the 1.1700 mark. Investors are watching Germany’s Factory Orders, eurozone Producer Prices, Unemployment Rate, the ECB’s Consumer Inflation Expectations, and a speech by VP De Guindos. GBP/USD dropped after reaching multi-week highs, while data like the Halifax House Price index and the BoE’s Decision Maker Panel survey are set to be released. USD/JPY hardly moved at around 156.70, with Japan’s Average Cash Earnings and Consumer Confidence in focus. AUD/USD fell to the 0.6720 area despite the dollar’s unclear trend. Australia’s Balance of Trade will be important data to watch. WTI and Gold prices both declined, with oil prices dropping below $56.00 per barrel and gold falling to $4,420 per troy ounce. Silver prices also decreased, approaching $76.00 per ounce.Investment Considerations
With the US Dollar lacking a clear trend, there’s an opportunity in market volatility. Traders are weighing signals like the strong December 2025 Non-Farm Payrolls report (210,000 jobs added) against cooling Core PCE inflation at 2.8%. With this uncertainty ahead of key Fed decisions, buying straddles on major USD pairs could be a smart way to prepare for market movement, no matter which direction it takes. The Euro’s struggle to rise above 1.1700 suggests weakness in the Eurozone economy. December’s headline inflation was 3.1%, but German manufacturing PMI has been in contraction for eight months. This puts the ECB in a tough spot, and selling call options with strike prices above 1.1700 might be a good strategy for profiting from continued sideways trading. For the British Pound, the recent downturn from multi-week highs is crucial, especially given local conditions. UK house prices dropped by an average of 4.7% throughout 2025, the steepest fall since the 2008 financial crisis. With consumer pressure rising, buying put options on GBP/USD can hedge against a possibly more dovish Bank of England stance soon. The USD/JPY pair staying near 156.70 reflects the significant interest rate gap between the US and Japan. The spread between the US 10-year Treasury and Japan’s 10-year Government Bond remains over 350 basis points, supporting the pair’s climb in 2025. At this level, the risk of government intervention is high, so out-of-the-money put options on USD/JPY might be a cost-effective way to prepare for a sudden drop. In commodities, the recent dip in WTI crude oil below $56 a barrel seems linked to demand worries. Data last week showed an unexpected inventory build of 3 million barrels, suggesting high interest rates are slowing economic growth. Traders expecting prices to stay capped might consider selling covered calls on oil-related ETFs. Gold’s sharp decline to around $4,420 is a typical response to high real interest rates. With the Federal Reserve keeping its policy rate above 5% throughout 2025, the real yield on 10-year inflation-protected securities sits at 2.1%, making gold less appealing. Given the shift in momentum, using put spreads may help position for a further, measured decline. Create your live VT Markets account and start trading now.Concerns rise over oversupply as WTI prices drop after US plans to market Venezuelan oil
West Texas Intermediate (WTI) crude oil prices are falling, currently around $55.90 per barrel. This decline is mainly due to worries about oversupply after the US decided to sell Venezuelan oil globally. This comes after the US military operation that captured Nicolás Maduro, allowing the US to control Venezuela’s oil exports and revenues.
Venezuela possesses the largest proven crude oil reserves in the world, estimated at 303 billion barrels. The US plans to sell this oil, deposit the earnings in US banks, and manage oil sales indefinitely, which could boost Venezuelan oil production by hundreds of thousands of barrels daily.
Venezuela’s Oil Reserves
President Trump announced that Venezuela would sell between 30 million and 50 million barrels of oil to the US. Additionally, US officials seized a Russian-flagged oil tanker tied to Venezuelan exports, raising further geopolitical tensions. Data from the EIA revealed a drop in US crude inventories by 3.831 million barrels, which was more than the expected increase of 1.1 million barrels. However, the prospect of more Venezuelan oil entering the market kept WTI prices pressured. Factors like supply and demand, geopolitical events, and OPEC’s decisions continue to affect WTI oil prices. The US dollar’s value is also crucial, as oil trades mostly in this currency. Reflecting on the US’s intervention in Venezuela in early 2025, it caused a major shock to the oil supply situation. The news that the US would oversee Venezuelan oil sales led WTI prices to fall near $55 a barrel due to fears of oversupply. This event marked the beginning of a new market trend, which has had a year to develop. Over the past year, Venezuelan oil production has steadily increased, adding about 500,000 barrels per day to the global market, according to the latest IEA figures. In response, OPEC+ started production cuts in mid-2025 to avoid a price drop and stabilize the market. The balance between new Venezuelan supply and managed OPEC+ supply has become a key focus.Market Trends and Predictions
As of early January 2026, WTI is trading in a delicate range around $72, significantly above its 2025 lows, but it still shows signs of weakness. Last week, the EIA’s report surprised many by indicating a crude inventory increase of 2.5 million barrels when a slight decrease was expected, pointing to a potential drop in global demand. Given this unexpected inventory rise, traders might consider preparing for short-term risks. Buying put options with a strike price near $70 could help guard against a potential decline driven by demand concerns. The market seems to be overlooking supply risks, focusing instead on the possibility of a global economic slowdown. The steady flow of Venezuelan oil has reduced the volatility typically seen with geopolitical events. In this context, selling call options at higher strike prices around $78 to $80 could be a smart way to gain premium income. We believe that the upside is limited as long as the US maintains stable operations in Venezuela and economic challenges remain. We need to keep an eye on the upcoming OPEC+ meeting in March, where they will discuss whether to tighten production cuts to balance the Venezuelan oil. Any comments from US officials regarding Venezuela’s oil infrastructure could also lead to big price changes. For now, the most likely path appears to be sideways or lower until a new catalyst emerges. Create your live VT Markets account and start trading now.Gold prices decline after strong US economic data shows business activity and labor market stability
Gold prices fell nearly 1% on Wednesday due to recent US data indicating better business activity and a stronger job market. As of now, XAU/USD is at $4,465, down from an earlier high of $4,500. Important new reports include the ISM Services PMI and ADP Employment Change for December, although ADP did not meet expectations. Job openings have decreased since October. Analysts suggest that the Federal Reserve might cut rates twice by the end of the year, aiming for a rate range of 3% to 3.25%.
Economic Indicators Affecting Gold Prices
The ISM Services PMI rose from 52.6 to 54.4, indicating growth in the services sector. The Employment subcomponent also improved, climbing from 48.9 to 52. In addition, November JOLTS data showed a drop in job openings, while private payrolls increased by 41,000 in December. China’s surge in physical gold purchases by 30,000 ounces in December helped counter some price declines. Gold prices move inversely to US real yields and the Dollar Index, which is steady at 98.61. The $4,450 level plays a key role in determining future price movements, with potential dips towards $4,400. As a safe-haven asset, gold serves as a hedge against inflation. In 2022, central banks bought 1,136 tonnes of gold to diversify their reserves, a notable increase largely driven by emerging economies. Geopolitical tensions and economic conditions can affect gold prices. Typically, lower interest rates increase gold values, while a strong dollar can keep them down. The relationship between gold and other market assets highlights its importance during economic uncertainty. The market anticipates at least two Fed rate cuts this year, which generally supports gold. However, the stronger-than-expected December services data is causing some pullback from the crucial $4,500 level. This suggests that the timeline for rate cuts may be slower than expected, creating short-term uncertainties.Market Behavior and Future Projections
Recent price weakness is evident in investment trends, with over 80 tonnes pulled from gold-backed ETFs in the last quarter of 2025. This shows that some traders are taking profits near record highs and are waiting for clearer signals to re-enter the market. Such behavior is common when macro data presents mixed signals. Nonetheless, ongoing support from central banks continues to be a significant force, limiting major downturns. Following record purchases in 2022 and 2023, demand from the official sector has remained strong into 2025. China’s recent addition of 30,000 ounces in December aligns with a long-term trend of de-dollarization and reserve diversification. Considering the mixed signals, we should prepare for high volatility in the coming weeks rather than a clear trend. The upcoming Nonfarm Payrolls report could act as the next major trigger, and disappointing results could push gold prices back toward their highs. This environment is suitable for options strategies aimed at profiting from significant price swings. We should recall the lessons from 2023 when the market frequently anticipated a Fed pivot, only to see strong data delay it. The current price action around $4,450 is crucial; a close below this level may lead to further selling towards the 20-day average near $4,364. On the other hand, a solid breakout above $4,500 would indicate the return of a bullish trend. Create your live VT Markets account and start trading now.USD/JPY remains stable around 156.60 amid mixed US economic data and a cautious market atmosphere
The US Dollar is holding steady as mixed economic signals come from the United States. Job data and activity levels have led the Federal Reserve to be cautious. Meanwhile, the Japanese Yen is gaining ground, influenced by a risk-averse market and the Bank of Japan’s strict policies.
USD/JPY is trading at approximately 156.60, with no change today, as the US Dollar struggles to bounce back due to varying economic reports. The ISM Services PMI climbed to 54.4, showing strong activity in the service sector. However, the Prices Paid Index fell to 64.3, hinting at easing inflation. The Employment Index also rose to 52.
US Job Market Overview
The job market in the US presents a complicated view. The JOLTS report indicated 7.14 million job openings in November, suggesting a cooling job market. The ADP report showed only 41,000 new private-sector jobs in December, rebounding slightly from a downturn in November. These indicators support a careful approach from the Federal Reserve, with expectations for gradual rate cuts in 2026. The US Dollar is finding limited short-term support, hovering around 98.70 in the DXY, as it reacts to economic data rather than shifting trends. At the same time, the Yen is performing slightly better due to risk aversion, impacted by tensions between China and Japan, along with hawkish comments from BoJ Governor Kazuho Ueda. With USD/JPY stable at 156.60, there is a clear difference in outlooks from the central banks, which could create trading opportunities in the future. The Federal Reserve’s cautious approach to rate cuts is being influenced by mixed economic reports, while the Bank of Japan (BoJ) is leaning towards tightening. This fundamental divide suggests that the current calm situation might not last long.Implications of Central Bank Policies
In the US, a cooling labor market and decreasing inflation are crucial factors. The latest US Consumer Price Index (CPI) data for December 2025 showed an increase of 2.8%, marking the third consecutive month below 3%, allowing the Fed to gradually cut rates later this year. This makes it tough to sustain a rally for the US Dollar at its current levels. For Japan, the BoJ’s hawkish stance is becoming more credible. The Tokyo Core CPI for December 2025 remained stubbornly high at 2.5%, above the BoJ’s target. These persistent price pressures increase the chance of another rate hike in early 2026, supporting the Yen significantly. It’s important to recall past interventions by the Ministry of Finance in 2024 and 2025 when USD/JPY approached 160. This history creates a psychological barrier, and the threat of governmental action may deter aggressive trades against the Yen as we near that area. Overall, this situation points to a potential drop in USD/JPY in the coming weeks. The one-month implied volatility for USD/JPY options is currently low at about 8.5%, much lower than the spikes above 12% during the intervention scares of 2025. Purchasing longer-dated put options on USD/JPY is a cost-effective way to prepare for a move down to the 150-152 range. While USD/JPY may remain in its current range for a little while, underlying pressures are building for a breakout. The combination of a patient Fed, a hawkish BoJ, and geopolitical risks favoring safe havens indicates that any major shift is more likely to be downward. Traders should keep an eye on any changes in central bank messaging for potential catalysts. Create your live VT Markets account and start trading now.Mixed US economic data stabilizes the US dollar while the Canadian dollar struggles with falling oil prices.
The US Dollar remains stable due to mixed economic data from the US, showing that the Federal Reserve may take a careful approach to monetary policy. The USD/CAD is around 1.3820, up 0.10%, as mixed US data supports the Dollar, while the Canadian Dollar struggles amid lower Oil prices.
In the US, the services sector is improving. The ISM Services PMI rose to 54.4 in December, exceeding expectations. The Prices Paid Index fell to 64.3, indicating reduced inflation, and the Employment Index increased to 52, signaling a stronger job market in services.
Labour Market Conditions and Fed Caution
Other reports show mixed labour market conditions. Job Openings dropped to 7.14 million in November. The ADP report revealed an increase of only 41,000 private sector jobs in December, which was less than expected, making the Fed cautious ahead of its January meeting. The US Dollar Index is at 98.60, providing slight support for USD/CAD. However, expectations point to gradual Fed rate cuts in 2026. The Canadian Dollar is under pressure from falling Oil prices, which are vital for its economy. Concerns over an oversupply from potential imports of Venezuelan crude add to this pressure. Even with an improvement in Canada’s Ivey PMI to 51.9, confidence remains low due to declining Oil prices. Today is January 8, 2026, and the mixed signals from the US economy suggest a cautious approach in the upcoming weeks. The strong ISM Services report from December contrasts with the weaker labour data from 2025, creating uncertainty that can present opportunities in the options market. The softening labour market is confirmed by November’s JOLTS report showing job openings at 7.14 million and a disappointing ADP payroll report of just 41,000. This reinforces the view that the Federal Reserve will keep rates steady. We saw something similar in late 2023 when the labour market started to decline, causing the Fed to pause rate increases. For traders, the upcoming Non-Farm Payrolls report will be crucial, and any significant changes could lead to big market moves.Derivative Strategies and Canadian Dollar Outlook
Given this uncertainty, traders might benefit from derivative strategies that profit from a range-bound but potentially volatile US Dollar Index (DXY). Considering straddles or strangles on major dollar pairs before important data releases could allow traders to benefit from significant price movements in either direction without needing to predict the outcome of the mixed data. For the Canadian Dollar, the fundamental outlook appears weak due to falling Oil prices. WTI Crude has dropped below $75 a barrel from over $85 last year, and the potential for increased Venezuelan supply adds more downward pressure. This situation is reminiscent of the 2014-2016 oil surplus, which caused prolonged weakness in the Canadian Dollar. This ongoing challenge for the Canadian economy makes shorting the Canadian Dollar an attractive option. Traders should consider buying USD/CAD call options or selling CAD futures to take advantage of potential gains in the currency pair. The rise to 1.3820 suggests that momentum is already building. The differences in central bank policies are becoming clearer. The Fed is taking a cautious stance due to resilient parts of the US economy, while the Bank of Canada faces pressure if Oil prices keep falling. This further supports a strategy of being long on the US Dollar against the Canadian Dollar. Create your live VT Markets account and start trading now.GBP trades at 1.3486 due to strong US employment data and risk-averse sentiment
The Pound Sterling (GBP) dropped slightly by 0.10% against the US Dollar (USD) mainly because there was no new economic data from the UK and strong job reports from the US. Currently, the GBP/USD exchange rate is at 1.3486, having peaked at 1.3516 earlier in the day.
During the European trading session on Wednesday, the GBP fell to about 1.3490 against the USD. This decline occurred as the US Dollar strengthened ahead of the release of important US economic reports like the ADP Employment Change and ISM Services PMI for December, along with November’s JOLTS Job Openings.
Currency Movements
Earlier in the day, GBP/USD hit 1.3510 during the Asian trading hours. The pair gained as the US Dollar faced difficulties before the ISM Services PMI and JOLTs job data were released. Other currency movements included a drop in EUR/USD, a stable USD/JPY, and gold prices falling from $4,500 due to strong US data. Also, WTI crude oil saw a decrease as the US increased its influence over Venezuela’s oil supply. We witnessed a similar pattern last year in 2025, with GBP/USD getting stuck around 1.3500 due to a strong US dollar. This situation is becoming more pronounced as markets continue to favor the dollar in a risk-averse environment. There is a strong sensitivity to any signs of strength in the US economy. The latest US jobs report for December 2025 showed a solid increase of over 200,000 jobs, which supports the Federal Reserve’s intention to keep interest rates high. This strong data is a key reason the US dollar has strengthened against the Pound, causing GBP/USD to drop from around 1.35 to about 1.3350 today.UK Economic Challenges
In the UK, we are facing a tough scenario. Inflation rose to 2.3% in the last quarter of 2025, but growth predictions remain weak. This situation puts the Bank of England in a difficult place, making it less likely to raise interest rates compared to the Federal Reserve. This disparity in policy is a significant challenge for the Pound. For traders dealing in derivatives, this suggests strategies that could profit from either a steady decline or a sudden drop in GBP/USD. Buying put options with strike prices below 1.3300 could be a good way to prepare for further dollar strength in the coming weeks since the cost of these options remains reasonable given the current trend. Implied volatility in GBP/USD options has slightly increased, but not greatly. This indicates that the market expects continued pressure rather than a sharp decline. Thus, selling out-of-the-money call spreads, perhaps with a ceiling around the 1.3500 resistance level we saw last year, could also be a smart strategy. This method profits if the pair remains stable or declines, taking advantage of the lack of upward momentum for the Sterling. Create your live VT Markets account and start trading now.The Euro remains stable against the Dollar, trading near 1.1691 amid mixed US economic reports.
EUR/USD stays steady as mixed US economic data offers no clear direction. The US Services PMI rose to 54.4 in December, exceeding expectations and suggesting strong business activity at the year’s end.
While the service sector remains robust, US labor market indicators hint at possible weakness. Private payrolls added 41K jobs in December, falling short of the anticipated 47K. Additionally, job openings dropped to 7.146 million, lower than expected.
The US Dollar Index
The US Dollar Index is around 98.60, reflecting its value against six major currencies. Mixed economic signals prompt the Federal Reserve to proceed cautiously, particularly ahead of its January meeting. The rise in service activity could delay aggressive easing, but signs of a weakening labor market support gradual rate cuts. Currently, there are expectations for about two rate reductions in 2026. EUR/USD is stabilizing near 1.1690 as the market processes the conflicting signals from the US economy. The strong services data counters immediate Federal Reserve rate cuts, while weak ADP and JOLTS jobs data from last year indicate labor market softness. This creates uncertainty for the Fed’s meeting at the end of January. The key event coming up is the official US Non-Farm Payrolls (NFP) report for December 2025, set to be released on Friday, January 9th. The consensus estimate is for a gain of only 80,000 jobs, with recent jobless claims rising to an average of 235,000 per week in December, up from 210,000 in the third quarter of 2025. A payroll number below 100,000 may confirm a weakening labor market, likely pushing EUR/USD higher.Market Volatility and Options Strategies
This uncertainty has caused one-week implied volatility on EUR/USD options to rise to 8.2%, up from 6.5% in late December 2025. This suggests that options markets expect larger than usual price swings after Friday’s NFP release. The current situation is suited for strategies that benefit from significant moves in either direction. A long straddle, which involves purchasing both a call and a put option with the same strike price and expiry date, could effectively capitalize on the NFP event. This strategy will profit if EUR/USD shifts sharply away from the current 1.1690 level, whether the jobs data is strong or weak. The main risk is the cost of the options if the market stays flat after the announcement. Looking ahead, the next important data point will be the December 2025 Consumer Price Index (CPI) report, due around January 15th. In November 2025, core CPI inflation slowed to a 3.8% annual rate. Another soft reading would reinforce expectations for the two Fed rate cuts anticipated this year, serving as a crucial piece of information for the Fed’s decision on January 28th. Create your live VT Markets account and start trading now.Pound sees slight decline as US employment figures affect GBP/USD near 1.3500
The GBP/USD pair is currently around 1.3495, influenced by the strong performance of the US economy and a cautious market attitude. The US Dollar strengthened due to a positive ISM Services PMI, rising from 52.6 to 54.4. The Employment component also improved to 52, although Prices Paid saw a slight decrease. Additionally, fewer job vacancies reported in the JOLTS report further boosted the US Dollar.
Traders are cautious, reflected by a nearly 2% rise in the CBOE Volatility Index, indicating heightened risk aversion. The Pound Sterling dropped by 0.10% to 1.3486 but recovered slightly after reaching 1.3516 earlier. The GBP/USD relationship is closely related to equity markets, and the absence of UK economic data has shifted focus to US developments.
