Volumes starting to pickup, Cable still held lower by key levels – GKFX

James Hughes, Chief Market Analyst, joins Tip TV’s Zak Mir to discuss overall market scenario and the possible action in the British Pound going forward.

Key quotes

Volumes have been low despite Friday’s non-farm payrolls release. However, volumes have started picking up today

It is interesting to see there are signs of Brexit boom, rather than gloom and doom”, Hughes says when quipped about Cable

Markets are reacting to economic numbers the way they are expected to and are not being dominated by central banks

Cable obviously got a boost from upbeat PMIs and today there is going to be much more of a dollar focus into that

Cable is not high by any means and is not looking to recovery Brexit losses. In fact it is being held lower by key levels