Pound continues its plunge since the Brexit referendum

Pound continues its plunge since the Brexit referendum

By: Darryl Frankfort | Where To Trade | On:Friday, November 25, 2016
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Pound continues its plunge since the Brexit referendum. The GBP/USD pair had a previous close of 1.2448.

Strong yen contributes to $4 trillion increase in Japanese household wealth. The dollar should head higher against the yen, as Tokyo Core CPI release at 0:30GTM. In the previous sessions, the dollar yen pair closed at 113.36.

S&P 500 heads lower, the US stocks were mixed ahead of Thanksgiving. Dollar falls as investors continue to take profits.  The S&P 500 had closed at 2,200.75.

The Euro Dollar pair is expected to remain relatively unaffected by the release of US Good Trade Balance at 14:30 GMT. In the previous session, the EUR/USD pair closed at 1.0554.

Little impact is expected on the NZD/USD pair, as US Prelim Whosale Inventories will be released at 14:30 GMT. The NZD/USD pair had a previous closing at 0.7002  in the last trading session.


Video Summary:

  • Japan: Strong yen contributes to $4 trillion increase in Japanese household wealth
  • USA: The US stocks were mixed ahead of Thanksgiving
  • Europe: The Euro Dollar pair is expected to remain relatively unaffected by the release of US Good Trade Balance 
  • United Kingdom: Pound continues its plunge since the Brexit referendum
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