• Pound shrugs off Syrian strike to start the week in positive mode

    The combined US, UK and French attack on Syria continues to make headlines but no impact on prices now as markets shrug off the risk-sentiment wobble with disdain.

    GBPUSD held 1.4150 on Friday and has now posted 1.4280 this morning as GBPJPY buying now prevails along with EURGBP selling to push the pair down to 0.8644 (GBPEUR up to 1.1570). Overall the Pound finds itself the best of an indifferent bunch again with focus switching back to the likelihood of a interest rate hike in May, although much of that will be factored in by now. But hey, these markets are nothing if not fickle.

    EURUSD has risen from its own retreat to post 1.2369 while USDJPY once again fails above 107.50 but now holding 107.00.USDCHF has fallen back a little this morning to post 0.9600 but with the SNB never far away with EURCHF underpinned too.

    AUD, NZD and CAD have all had mixed time of it again amid the turnarounds in risk sentiments and with no real trend although all gently underpinned still.

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

    On Saturday the currently indifferent Shrimpers of Southend United were due to play at Oxford but failed to turn up.Or so it seemed as a shockingly inept show saw them lose 2-0 against even poorer oppo. Congrats to England's netball team though who notched up a brilliant win to beat Australia and take Gold on the Gold Coast.

    Have a good week out there one and all

    Interbank Rate 09.10 BST

    GBPUSD 1.4276

    EURUSD 1.2363

    EURGBP 0.8656

    GBPEUR 1.1550

    USDJPY 107.18

    USDCAD 1.2617

    USDCHF 0.9601

    GBPAUD 1.8376

    GBPCAD 1.8018

    GBPCHF 1.3711

    GBPZAR 17.2240

    GBPHKD 11.0674

    EURHKD 9.5822

    GBPSGD 1.8730


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