Tight Ranges Today In The FX Pairs

Nearly all major pairs were in very tight ranges throughout the day. Although Q3 GDP was reported at 4.1%, -- lower than the expected 4.3% -- markets were largely unaffected. There is now, however, some poor sentiment building around the British Pound, as the latest MPC minutes noted a 8-1 vote with one member voting for a lowering in December. Many now expect a .25% decline at their February meeting.