• 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


official partner advert

Proud supporter of


Call us today: +44 (0) 1732 700 383

Email : info@mspfx.co.uk

Bringing You The Best Value Currency Deals

Raising the Standard in Foreign Currency Exchange & International Money Transfers

Office hours : Monday to Friday - 8am till 6pm

The MSP Update

Photo crop (passport)

Welcome to my blog

Daily market commentary from
Mike Paterson

The MSP Update is an essential tool for personal and business clients who want to be kept informed on a daily basis. If you would like to discuss your requirements then give us a call and talk to one our experienced team..

Call today +44 (0) 1732 700 383

Find out how much you could save today

Don’t let the banks or your existing foreign currency broker cash in with poor exchange rates and extortionate fees, Whether you are making a small or large, one-off or regular money transfer , MSP FX will offer the best rates for your individual foreign currency requirements and assist you in transacting at the most opportune moment possible given your timeframe. MSP Foreign Exchange Services offers complete security of funds by executing trades only through preferred FSA and HMRC regulated providers. For more information call us today and find out how MSP FX can help you.


You are viewing the text version of this site.

To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.

Need help? check the requirements page.

Get Flash Player