From the FXWW Chatroom: GBP/USD has fallen for 5 days in a row, dropping a total of 5.80 cents (-4.5%). The sequence of falls has extended to 6 days once in the 195 sessions since Friday 8 January 2016, the exception coming on Thursday 11 August 2016, 42 trading days ago (when the run lasted for 8 days). Friday’s fall was the 5th biggest drop seen in GBP/USD in the opening 200 sessions of 2016, and was the biggest fall since Tuesday 5 July 2016, 68 trading days earlier
GBP/USD has broken the previous day’s low for 7 days in a row. The run has extended to 8 days only once in the 408 sessions since Friday 13 March 2015, the exception coming on Tuesday 12 January 2016, 194 trading days ago (when the run lasted for 8 days)
View the latest market information in the FXWW Chatroom with a free trial.

Leave a Reply

Your email address will not be published. Required fields are marked *