• Pound still on the front foot helped by BOE comments

    All positive for the Pound still as softer tones around the US-China trade spat leads to GBPJPY demand with safe- haven Yen buying no longer featuring strongly as global equity prices rally too.

    GBPUSD has now been up to 1.4169 after BOE MPC member McCafferty this morning repeated his call for an interest rate hike, albeit a modest one, but sellers remain poised into 1.4200. Support growing around 1.4120 though as EURGBP finds itself on the back foot still and still testing 0.8700 (GBPEUR up to 1.1495). Overall the Pound has made a few gains but largely consolidating for the moment.

    EURUSD has held 1.2300 but failing to make progress above 1.2330 now while USDJPY has once again been back down to test 106.80 before rallying on those softer trade wat tones from China's Xi. USDCHF remains below 0.9600 on generally softer USD sentiment but with EURCHF still above 1.1750 and the SNB never too far away to weaken the Franc.

    Aussie $, NZS and Canadian $ have all posted a few gains on the softer USD/trade tone double-whammy.

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

    Have a good day out there one and all

    Interbank Rates 08.50 BST

    GBPUSD 1.4155

    EURUSD 1.2325

    EURGBP 0.8703

    GBPEUR 1.1492

    USDJPY 107.02

    USDCAD 1.2693

    USDCHF 0.9557

    GBPAUD 1.8324

    GBPCAD 1.7970

    GBPCHF 1.3533

    GBPZAR 17.1622

    GBPHKD 10.9759

    EURHKD 9.5509

    GBPSGD 1.8556


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