• Pound feels some love amid trade war escalation

    It seems like it's the turn of the Pound to find a few buyers while the US-China trade spat reaction continues at pace with China in less than conciliatory mode.

    GBPUSD has been up to 1.4120 but sellers remain poised. Support growing around 1.4080 though as EURGBP finds itself on the back foot still and now testing 0.8700 (GBPEUR up to 1.1495). Overall the Pound has made some solid gains.

    EURUSD has held support lines around 1.2250 but failing to make progress above 1.2300 while USDJPY has now been back down to test 106.80 with Yen demand notable as the trade war rhetoric continues. USDCHF has fallen back through 0.9600 with safe-haven CHF demand in play but with EURCHF still above 1.1750 and the SNB never too far away to weaken the Franc.

    Aussie $, NZS have suffered a few losses again mainly versus the Yen but the Canadian $ has mostly held recent gains.

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

    On Saturday the mighty Shrimpers of Southend United travelled to Blackburn and were a tad unlucky to lose 1-0 but now seems assured of a mid-table place ready to work on a new strategy next season.

    Have a good week out there one and all

    Interbank Rates 08.45 BST

    GBPUSD 1.4104

    EURUSD 1.2274

    EURGBP 0.8705

    GBPEUR 1.1485

    USDJPY 107.11

    USDCAD 1.2786

    USDCHF 0.9597

    GBPAUD 1.8385

    GBPCAD 1.8035

    GBPCHF 1.3534

    GBPHKD 10.9340

    EURHKD 9.5203

    GBPSGD 1.8527


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