• General USD supply prevailing as global tensions continue

    US Dollar sellers have been out in force again with trade and Syrian tensions increasing.

    GBPUSD has now been up to 1.4224 this morning but currently retreating after some soggy UK trade and production data. Support growing around 1.4150 now though as EURGBP finds itself on the back foot still but again holding 0.8700 (GBPEUR 1.1495). Overall the Pound has made a few gains but sellers never too far away.

    EURUSD has rallied further to post 1.2388 but failing to break through 1.2400 while USDJPY once again remains under pressure around 107.00.USDCHF saw a sharp spike this morning to test 0.9600 with the SNB very much in the frame weakening the Franc to temper safe-haven demand with EURCHF climbing to 1.1881 too.

    Aussie $, NZS and Canadian $ have all posted further gains taking advantage of the softer US$ tones.

    Fragile trading conditions prevailing still so get your orders in to take full advantage.

    Have a good day out there one and all

    Interbank Rates 09.50 BST

    GBPUSD 1.4195

    EURUSD 1.2368

    EURGBP 0.8712

    GBPEUR 1.1477

    USDJPY 106.97

    USDCAD 1.2603

    USDCHF 0.9578

    GBPAUD 1.8310

    GBPCAD 1.7891

    GBPCHF 1.3595

    GBPZAR 17.1125

    GBPHKD 11.0054

    EURHKD 9.5891

    GBPSGD 1.8574


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