• Jury out still

    A quiet start to the week as markets still wrestle with all the current fragility out there.

    GBPUSD has been down to 1.3840 before bouncing to 1.3914 while EURGBP has fallen to test 0.8850 support (GBPEUR up to 1.1282). GBPJPY action still in play. Overall though the Pound has been side-winding.

    EURUSD has been tightly bound between 1.2280-1.2330 with large option contracts in play. USDJPY has recovered again to 107.05 but run out of puff once more with Japanese companies still repatriating Yen for year-end accounting. Option-related sellers at 107.00 agaimn also casting a shadow.

    USDCHF has fallen back to 0.9465 with EURCHF also lower but underpinned at 1.1680.

    Aussie $, NZS and Canadian $ have all found a few sellers again but buyers lurking in the dips.

    Fickle trading times still so get your orders in to take full advantage.

    Have a good day one and all.

    Interbank Rates 08.45 GMT

    GBPUSD 1.3892

    EURUSD 1.2332

    EURGBP 0.8877

    GBPEUR 1.1265

    USDJPY 106.93

    USDCAD 1.2857

    USDCHF 0.9475

    GBPAUD 1.7655

    GBPCAD 1.7860

    GBPCHF 1.3163

    GBPZAR 16.4212

    GBPHKD 10.7705

    EURHKD 9.5610

    GBPSGD 1.8245


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