GBP/USD sees a fall from 1.3113 to a session low of 1.3040
It has been a quick turnaround for cable in the past hour as we see price action move from session highs just above 1.3100 to a session lows around 1.3040 currently.

Closes lower for the first time since July 16
All good streaks come to an end and the GBPUSD’s 10 day streak of higher closes came to an end today.   The pair last close lower back on July 16. On July 17 the low price reached 1.2511, but closed higher on the day. This week the low was reached on

Dow, S&P, NASDAQ close higher for the 4th consecutive month
On the downside the Dow post its 2nd straight weekly decline.
The final numbers are showing:
For the week, the NASDAQ led the way. The Dow industrial average could not make it to the unchanged level falling by -0.16%:

Bold move by the rating agency
The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit.
What Fitch had to say:

Weekly FX speculative positioning data from the CFTC
– EUR long 157K vs 125K long last week. Longs increased by 32K
– GBP short 25K vs 15K short last week. Shorts increased by 10K
Highlights:

Forex news for North American trading on July 31, 2020:
Markets:
The big story was the move in USD/JPY. It came after some serious jawboning and threats from top Japanese officials in Asia so it looks like intervention. It painted a huge outside day on the chart in a reversal to 106.00 from 104.19 at the lows.

Forex news from the European trading session – 31 July 2020
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities higher; E-minis up 0.3%

Boris Johnson pulls the plug on any further easing of lockdown measures
– Reopening of leisure facilities will now be postponed for at least two weeks
– Guidance on returning to work remains unchanged
Johnson also confirms that this „truly“ means a return to social distancing though he maintains that children should start going back to school in

The dollar pares earlier losses as currency traders hit the reset button
early stages of European morning trade
All in all, major currencies are now trading little changed overall with only the kiwi seen a little lower but not by a whole lot to be fair. NZD/USD is down 0.3% to 0.6680, but still keeping above its

The Sun reports on the matter
UK prime minister, Boris Johnson, is due to address the public later today and is expected to announce that most of the measures that would be lifted tomorrow would now be „put on ice“, according to The Sun .