• Steady as we go again

    It was a busy start to the week but markets pausing for breath again as I type.

    GBPUSD held 1.3780 and has been up to 1.3878 while EURGBP still remains underpinned overall at 0.8900 (GBPEUR capped at 1.1236) and that, along with renewed GBPJPY selling, is helping to cap GBPUSD rallies too. Overall the Pound has found itself ranging still.

    EURUSD has felt the love with the Italian election outcome expected and we've been back up to 1.2365 after holding 1.2300. USDJPY rallied to 106.60 after holding 105.50 yesterday but once again general US$ selling amid trade-war fears and Japanese companies repatriating Yen for year-end accounting has pushed it back down to 106.00

    USDCHF has moved higher to 0.9420 with EURCHF now pushing up through 1.1600 with the SNB never too far away to weaken the franc.

    Aussie $ NZ$ have found a few buyers but the Canadian $ has suffered further losses on US trade war fears.

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

    Have a good day out there one and all.

    Interbank Rates 08.26 GMT

    GBPUSD 1.3834

    EURUSD 1.2342

    EURGBP 0.8921

    GBPEUR 1.1208

    USDJPY 106.05

    AUDUSD 0.7767

    USDCAD 1.2987

    USDCHF 0.9407

    GBPAUD 1.7811

    GBPCAD 1.7971

    GBPCHF 1.3017

    GBPZAR 16.3657

    GBPHKD 10.7255

    EURHKD 9.5687

    GBPSGD 1.8252


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