Forex Trading: Choppy Moves In The British Pound

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Forex Trading: Choppy Moves In The British Pound

By Greg Michalowski on January 26, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

UK’s BBA Mortgage Approvals rose more than expected coming out at 22.1K from the previously revised 17.3K. A slight drop to 17.0K was forecast.

The GBP has been very choppy since the Forex market open thus far today (Monday). The pair has moved up over 200 PIPS since hitting session lows earlier, filling in the gap upon the market open. Currently all major Europe equities are in the green so we will see if the GBP can hold its firm tone…

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