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GBP/USD consolidating reversal

FXstreet.com (Chicago) – GBP/USD continues to give in small losses after declining 0.24% throughout Tuesday’s trading session. The pound has been trading weak compared to other majors despite succeeding to erase partial losses after impulsive market reaction to potential US retaliation to Syrian civilian attack last week.

Stock sell-off

The possibility of war has driven market participants to sell-off stocks, sending the major indexes to the grounds. The Dow is down 0.95% along the Nasdaq down 1.95% and the S&P500 down 1.37%. The pound has been losing strength since last week after reaching 1.57 zone but seems to benefit from …read more