• Someone's pressed the pause button again

    Trade wars, Brexit concerns,Yen demand and today's ECB meeting all combining to trap traders in the headlights.

    GBPUSD has been in a tight 1.3880-1.3930 range while EURGBP still remains underpinned fed by the general Euro demand/GBP supply but we've capped at 0.8968 (GBPEUR down to 1.1151 to fall back to 0.8917 (GBPEUR up to 1.1215). Overall the Pound has also made a few gains if only by default.

    EURUSD has continued to feel the love but finding a few sellers ahead of today's latest policy decision from the ECB. No change in interest rates expected again but all focus on clues to future QE tapering. We've been back down to 1.2393 after holding 1.2450 with rallies also tempered buy some EURJPY selling. USDJPY has recovered to 106.21 but since fallen again to 105.90 amid trade-war fears and Japanese companies repatriating Yen for year-end accounting. Option-related support notable still.

    USDCHF seems to have had another helping hand from the SNB to weaken the Franc and has been back up to 0.9442 from 0.9360 and with EURCHF now pushing up through 1.1700.

    Aussie $ and NZ$ have found a few sellers again with the Canadian $ a tad stronger but making its mind up still after this week's trade-war/BOC volatility.

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

    Have a good day out there one and all.

    Interbank Rates 08.18 GMT

    GBPUSD 1.3895

    EURUSD 1.2405

    EURGBP 0.8924

    GBPEUR 1.1204

    USDJPY 105.93

    USDCAD 1.2903

    USDCHF 0.9433

    GBPAUD 1.7788

    GBPCAD 1.7932

    GBPCHF 1.3110

    GBPZAR 16.5075

    GBPHKD 10.7728

    EURHKD 9.6151

    GBPSGD 1.8264

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