Sometimes the best way to fight is on the flank, not in the center of the activity where your opponent masses its own force
The single currency hammered to a low of $1.1744 on Wednesday pressured by the persistent increase of coronavirus cases in Europe, and comments from ECB's Lagarde, as she mentioned the risk poised to inflation's recovery coming from exchange developments.
The cable plunged to $1.3195 as optimism that a vaccine against COVID-19 would bolster the UK economy was tempered by a lack of progress in Brexit negotiations.
The Japanese Yen rallied to 105.18 per dollar on risk aversion after comments from BOJ’s monetary policy board member Adachi that a resurgence in COVID-19 infections could dampen households' spending appetite.
The Aussie cascaded to $0.7258 as China’s increasingly belligerent threats to close its markets to Australian exports excited talk of a full-blown trade war.
The South African rand slammed to 15.71 per dollar following an address by President Cyril Ramaphosa on developments in the country's COVID-19 response yesterday which offered no fresh impetus.
The dollar-rupee inched higher to 40.40(selling) on the Mauritian market.
11:00 - GBP - GDP(QoQ)(Q3)
11:00 - GBP - GDP(MoM)
11:00 - GBP - GDP(YoY)
11:00 - GBP - Manufacturing Production (MoM)(Sep)
11:00 - GBP - Monthly GDP 3M/3M Change
12:00 - GBP - BoE Gov Bailey Speaks
17:30 - USD - Initial Jobless Claims
20:00 - USD - Crude Oil Inventories