Well we saw a nice move on the GBP/USD today. The Eur/Usd was really the better mover in terms of pips but considering when we look at the last 5 day Daily Range on GBP/USD averaging about 70 pips a day its nice to see the move today at over 100 pips and a nice move to the down side.
The Gbp has been holding pretty firm as the Euro has weakened and now we're seeing the majority of cash flow back into our safe haven in the almighty "US Dollar". But because this is happening we've also seen commodities take hit and now Gold sitting at $1542.2 down -0.957% for today. There is still much to unfold in the Euro zone and with Greece leaving the Euro and even what may happen to the Euro altogether is still up in the air.
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