The pound rose to the strongest level since January against the dollar after a government report confirmed Britain’s economic growth accelerated in the third quarter, boosting demand for U.K. assets.
The dollar weakened for a second day against the yen as Federal Reserve Bank of New York President William C. Dudley said policy makers must “forcefully” push against economic headwinds.
The yen fell against all of its 16 most-traded counterparts as risk appetite increased amid speculation that U.S. lawmakers will reach an agreement to avert a default, curbing demand for Japan’s currency as a refuge.
The euro may strengthen against its U.S. counterpart to the highest level in six weeks if it breaks key levels of resistance, according to UBS AG, citing technical indicators.
The Australian dollar may extend this month’s rally to the highest level since March, UBS AG said, citing trading patterns.
German 10-year bund futures may rally more than 2 percent to a six-week high should they close above a key level of so-called resistance, UBS AG said, citing trading patterns.
Gilt futures may decline to the lowest level in 10 months after dropping below so-called support, UBS AG said, citing trading patterns.
German bund futures may advance to as high as 139.19 should they break above a key resistance level, UBS AG said, citing technical indicators.
The euro may weaken to its lowest level in six weeks versus the dollar after reaching a “new corrective low” today, according to UBS AG, citing technical indicators.
The euro may strengthen 2 percent against the Swiss franc if it rises beyond an area of so-called resistance, UBS AG said, citing trading patterns.
"The evidence technically is that the pound is going to struggle to push through."
- Richard Adcock on Jun 19, 2013