United Kingdom CBI Industrial Trends Survey - Orders (MoM) came in at -8, above forecasts (-13) in May

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May 20, 2016

AUD/USD turns lower in sync with Oil, targets 0.7200

The recovery in the AUD/USD pair faltered at the mid-point of 0.72 handle, with the bears taking back control over the last hours amid retreat in the commoditie

GBP/USD drops to lows around 1.4550

The Sterling is not smiling anymore, at least not today, as GBP/USD has now dipped to session lows in the mid-1.4500s.