Forex news for the European morning trading session 15 Sept 2017

News:

Data:

A crazy morning that has had me typing non-stop and the pound rallying non-stop too.

GBP pairs were underpinned but steady until BOE MPC dove Vlieghe toed the current party line and said rate hikes could be seen in the coming months. Cue GBP spike higher and after a small pause for thought coinciding with reports of a London terror attack we've surged higher since.

GBPUSD 15m

GBPUSD range 1.3385-1.3617 EURGBP 0.8800 - 0.8774 with GBBJPY a prime mover to 151.56 from 147.80

GBPJPY 15m

That move higher, as hedge funds turned short positions, triggered stops all over the show forcing USDJPY up through 110.80-111.00 to post 111.34 in a rush with yen weakness generally and reversing the sharp moves lower seen overnight.

EURUSD has had a decent session helped by hawkish ECB comments but is being contained again by large option expiry interest at 1.1900-1.2000

AUDUSD underpinned still above 0.7985 but sellers poised while USDCAD has traded 1.2160-80 with large option expiries at 1.2200 casting a shadow.

Oil is firmer with WTI rising from $49.85 to $50.43 while gold has gone the other way and fallen from $1331 to $1322.

US data to throw in the mix now.

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