Wednesday, August 10, 2016

GBP/USD ratio

GBP/USD ratio is showing little movement on Wednesday. Long positions command a majority (57%), indicative of trader bias towards GBP/USD continuing to move to higher ground.The British pound has posted considerable gains on Wednesday. GBP/USD is currently trading slightly below the 1.31 level. On the release front, NIESR GDP Estimate dipped to 0.3%. Later in the day, the UK will release RICS House Balance, which provides a snapshot of the level of activity in the housing sector. Over in the US, today’s highlight is JOLTS Job Openings. This important employment indicator is expected to edge higher to 5.52 million. On Thursday, the US will release Unemployment Claims.