Halister News

(Bloomberg) -- Pound recovers as GDP data shows the U.K. economy continues to be resilient in the aftermath of the Brexit vote; dollar falls vs all G-1O peers.

• Bloomberg Dollar index -0.3% to 1254.18
  • Dollar on the backfoot, with trading interest low after Thursday’s U.S. Thanksgiving holiday, according to a London-based trader

• GBP/USD up 0.1% to 1.2467; resistance at 1.2495, Nov. 24 high
  • U.K. economy grew 0.5% in the third quarter, matching economists’ median forecast
  • EU’s chief Brexit negotiator Michel Barnier doesn’t want to discuss final trade deal until U.K. has agreed payments to EU, border issues and single market, Sky News reported

• EUR/USD +0.4% to 1.0595
  • Resistance: 1.0619; technical analysis suggests corrective bounce may extend to 1.0703
  • Italy Sept. retail sales -0.6% m/m
  • Rate markets signal rising expectations ECB will relax the depo-rate floor on QE purchases to expand the pool of bonds it can buy

• USD/JPY -0.5% to 112.72
  • Strength fades against 113.80-114.56 major hurdle zone
  • Rabobank forecasting a move back to 110.00 over a three- month period; says Japan expected to play a leading role in the fight against isolationist policies in the coming years

• Brent crude oil futures slip 0.7% to $47.61/bbl;
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