Sterling Re-testing 26-year High From Earlier In The Session [GPB/USD]

Sterling Re-testing 26-year High From Earlier In The Session [GPB/USD]
The sterling is challenging its 26-year high versus the dollar from earlier in the session. The sterling is at 2.0887 at 2:05 pm ET, just off its mid-day high of 2.0895.

Markets Likely To Open Higher On Positive Cues From Wall Street - European Commentary []
The major European index futures are pointing towards a higher opening for the markets on Thursday. Global cues are also strong, with the U.S. stocks rallying overnight after the Federal Reserve cut interest rates and the major markets across the Asia-Pacific region trading higher on Thursday.

Franc Bounces Against Sterling [GBP/CHF]
Versus the sterling, the Swiss currency saw little direction in trading on Friday morning. The franc bounced between a high of 2.3999 and a low of 2.4069. The UK CIPS/NTC Construction Purchasing Manager's Index posted a less than expected reading of 57.4 in October.

Stocks Poised To Fall In Early Trading - U.S. Commentary []
Stocks are pointing for a lower opening on Thursday, as the Fed-induced rally loses steam amid rising oil prices and disappointing quarterly results from several companies.

Wachovia Remarks Duration Of Unemployment Suggests Labor Market Near Equilibrium []
John Silvia from Wachiova remarked Friday that jobs rose 166,000 in October with strength in services and declines in manufacturing and construction. Wages were up 0.2 percent and 3.8 percent year-over-year. This is reassuring to inflation hawks, Silvia commented, and suggested that real GDP growth will be below trend in the fourth quarter.

Wall Street Anxiously Awaiting Fed's Interest Rate Decision - U.S. Commentary []
Stocks have seen little vertical movement in afternoon trading on Monday, as investors seem prepared to sit and wait for the Federal Reserve's upcoming interest rate decision.