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Wednesday 7th, January 2009 -- 19:29 GMT
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Pound Hits 13 Month Low On Weak UK Data, Strong US Numbers (Forex Video)
Posted: 27-08-2008 , 01:02 GMT

US durable goods orders report tops a sparse economic docket tomorrow; but can it maintain volatlity and potential EURUSD and GBPUSD breakout momentum?




·         Pound hits a 13-month low against the dollar as strong US data capitalizes on a weak UK mortages number.
·         Fading German growth alters rate expectations and sends the euro to a six-month low with the greenback.

Stories to watch on DailyFX

·          Inconsistent US housing data may highlight a falter platform for the dollar's recent recent.
·          See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section.

Send any comments or questions to jkicklighter@dailyfx.com.

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