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Cable pares losses as dollar, yen slips a little


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GBP/USD back up to 1.3030 levels


ForexLive

Some softening in the dollar and the yen is seen across the board now with the pound and euro quickly erasing earlier losses. GBP/USD has jumped back up from 1.3000 to 1.3030 levels while EUR/USD is back up from 1.1570 to 1.1600. Meanwhile, AUD/USD is also back up near session highs from 0.7095 to 0.7115 now.

There isn’t any specific headline to have caused the shift in mood but of note E-minis are trading near the day’s highs once again and that is likely helping with risk sentiment a little:

Nonetheless, currencies are still kept in their respective ranges and there’s no imminent breakouts just yet. GBP/USD still sits in a 45 pips range while EUR/USD is in a 37 pips range on the day.

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