• Perky Pound but Euro loses ground as USD demand prevails

    EURUSD has retreated further from Friday's l.2093 highs and now been down to 1.1946 helped by those ECB comments I mentioned yesterday that said accommodative monetary policy could be around longer than expected.EURGBP selling has also continued down to 0.9065 (GBPUSD up to 1.1033) still helping to underpin the Pound.

    GBPUSD continues to feel some love in the dips and has rallied back to 1.3207 after holding 1.3150 yesterday. Overall the currency has consolidated the recent gains.This morning we get the latest UK inflation data which will produce its usual market volatility.

    USDJPY has rallied again strongly to post 109.60 versus Friday's lows of 107.30 and USDCHF has been up to 0.9575 from lows of 0.9420 as general USD demand prevails.

    The Aussie $ continues to find dip demand after a test of 0.8000 while the Canadian $ has also given up a few of its recent gains but remains underpinned.

    Fragile times still prevailing and will continue to produce volatility so don't forget to place your orders to maximize gains/minimize losses.

    Have a good day one and all.

    Interbank Rates 07.40 BST

    GBPUSD 1.3195

    EURUSD 1.1967

    EURGBP 0.9069

    GBPEUR 1.1025

    USDJPY 109.56

    AUDUSD 0.8040

    USDCAD 1.2094

    GBPAUD 1.6413

    GBPCAD 1.5960

    GBPCHF 1.2602

    GBPZAR 17.0380

    GBPHKD 10.2301

    EURHKD 9.2790

    GBPSGD 1.7740


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