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GBP/USD: daily signals are bearish - Scotiabank

Analysts at Scotiabank explained that GBP appears to have found near-term support following a modest decline to a fresh, marginal low under 1.2850. 

Key Quotes:

"Daily signals are bearish, DMI’s are confirming, and short-term MA’s are bearishly aligned."

"We note the importance of the early July low just above 1.28, followed by 1.2720. Resistance is limited ahead of the mid-1.29s."

Trump business policy forum says disbanding due to 'distraction' - Reuters

"President Donald Trump's Strategic and Policy Forum is disbanding because debate over member participation "has become a distraction" from its goals
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Forex today: dollar and US yields drop on FOMC minutes

Forex today was all about the FOMC minutes where it was clear that the Fed is very divided over the inflation outlook where markets were most focused.
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