Big drop in durable goods and the market reaction is quite muted. Cable traded within a 15 pip range post announcement. I expected a bigger reaction to the news.
And it looks like GBP/JPY is getting sold off. Looks to me like carry traders liquidating positions.
What's going on?
And it looks like GBP/JPY is getting sold off. Looks to me like carry traders liquidating positions.
What's going on?