• Pound rallies as US Dollar weakens again

    GBPUSD continues to feel some love and has rallied further on the USD weakness to post 1.3225, levels not seen since July, before running into fresh sellers. EURGBP selling notable back down to 0.9096 (GBPUSD 1.0995) helping to underpin the Pound. Overall the currency has made some solid gains.

    EURUSD has retreated from Friday's l.2093 highs and from 1.2030 this morning on ECB comments that said accommodative monetary policy could be around longer than expected which has triggered a wave of Euro selling across the board.

    USDJPY has rallied this morning to post 108.57 versus Friday's lows of 107.30 and USDCHF to 0.9513 from lows of 0.9420 as general USD demand returns

    The Aussie $ continues to find dip demand as it retreat to test 0.8030 from 0.8114 Friday highs while the Canadian $ has also given up a few of its recent gains.

    16 years on from 9/11 sees the US once again under attack, this time from the natural forces of Hurricane Irma.Fragile times still prevailing and will continue to produce volatility so don't forget to place your orders to maximize gains/minimize losses.

    Lords provided some further great entertainment which saw England win comfortably in 3 days. Sadly though I had counted on/hoped for some Sunday play and went to watch Southend at Charlton to witness a 2-1 defeat. Enough said. I'm just glad my FX trading instincts are better than those my of choice of sport-watching.

    Have a good week one and all.

    Interbank Rates 07.45 BST

    GBPUSD 1.3188

    EURUSD 1.2003

    EURGBP 0.9103

    GBPEUR 1.0855

    USDJPY 108.54

    AUDUSD 0.8036

    USDCAD 1.2134

    GBPAUD 1.6407

    GBPCAD 1.5997

    GBPCHF 1.2532

    GBPZAR 17.0767

    GBPHKD 10.2247

    EURHKD 9.3102

    GBPSGD 1.7718


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