• Syrian tensions rattling markets further

    The threat of a combined attack on Syria is creating some safe-haven plays again on top of all the other trade related fragility.

    GBPUSD failed on another attempt on 1.4200 yesterday evening and has now retreated again as GBPJPY selling adds to the downward pressure. The threat of UK supporting military action takes a bit of gloss of its recent preferred status.Support now growing around 1.4100 though while EURGBP finds itself tightly bound but still holding 0.8700 (GBPEUR 1.1495). Overall the Pound has suffered a few losses but jury remains out.

    EURUSD has fallen to post 1.2331 after failing to break through 1.2400 while USDJPY once again remains under pressure around 107.00 but holding 106.50.USDCHF has seen another spike this morning to post 0.9627 with the SNB still very much in the frame weakening the Franc to temper safe-haven demand with EURCHF underpinned too.

    AUD, NZD and CAD have all had mixed time of it all in amid the turnarounds in risk sentiments.

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

    Have a good day out there one and all

    Interbank Rates 09.45 BST

    GBPUSD 1.4146

    EURUSD 1.2333

    EURGBP 0.8715

    GBPEUR 1.1474

    USDJPY 106.95

    USDCAD 1.2610

    USDCHF 0.9621

    GBPAUD 1.8290

    GBPCAD 1.7849

    GBPCHF 1.3620

    GBPZAR 17.0165

    GBPHKD 10.9744

    EURHKD 9.5646

    GBPSGD 1.8568


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