Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
1 Jul 2016

GBP/USD challenges lows near 1.3280

The demand for the British pound remains subdued on Friday, with GBP/USD testing the lower bound of the range in the 1.3280/60 band.

GBP/USD weaker post-Carney

The pair has come under extra selling pressure after Governor M.Carney opened the door for further easing over the summer via rate cuts, increasing the assets purchase facility or a combination of both. Carney’s comments re-ignited fears of the potential consequences of the recent Brexit vote, both in the UK and the euro area.

Spot has thus eroded the recent advance to the 1.3530 area, resuming the downside and once again exposing 3-decade lows in the 1.3120 region.

Data wise in the UK calendar, June’s manufacturing PMI is expected to ease a tad below the 50 threshold, while the ISM Manufacturing will take centre stage in the US docket.

GBP/USD levels to consider

As of writing the pair is losing 0.32% at 1.3281 and a break below 1.3224 (post-Brexit low Jun.24) would open the door to 1.3118 (2016 low Jun.27). On the upside, the next hurdle aligns at 1.3533 (high Jun.29) followed by 1.3833 (previous 2016 low Feb.29) and finally 1.4004 (low Apr.6).

Jul 1, 2016

France Markit Manufacturing PMI came in at 48.3, above forecasts (47.9) in June

France Markit Manufacturing PMI came in at 48.3, above forecasts (47.9) in June
Read more Previous
Jul 1, 2016

Germany Markit Manufacturing PMI came in at 54.5, above expectations (54.4) in June

Germany Markit Manufacturing PMI came in at 54.5, above expectations (54.4) in June
Read more Next