• US$ under pressure again

    Yesterday saw the ECB leave interest rates and QE on hold citing weak and uncertain inflation for the cautionary/on hold stance.

    It was, and remains, the continuing general pressure on the US Dollar that dominates the landscape though.EURUSD has remained underpinned and been up to l.2093 before running into fresh sellers this morning. EURGBP found support again but has once more failed to breach 0.9200 (GBPEUR 1.0870).

    GBPUSD continues to feel some love and has rallied further on the USD weakness to post 1.3160 this morning with the EURGBP selling back down to 0.9160 helping to underpin the Pound. Overall the currency has also held recent gains.

    USDJPY has fallen once again to 107.58 after failing around 108.50 with USDCHF also down to 0.9420, lows not seen since August 2015 with NK tensions still providing Yen and Swiss Franc safe-haven demand.

    The Aussie $ continues to find dip demand and has now rallied to 0.8125 before capping while the Canadian $ rallied again with USCAD down to 1.2061.

    Fragile times still prevailing and will continue to produce volatility so don't forget to place your orders to maximize gains/minimize losses.

    Lords under dark and murky skies provided some great entertainment yesterday to leave the match nicely poised. Top day out as ever. More rain and dark skies forecast for today could make for some further volatility. Bring it on!

    Have a good week-end one and all.

    Interbank Rates 09.45 BST

    GBPUSD 1.3042

    EURUSD 1.1923

    EURGBP 0.9138

    GBPEUR 1.0942

    USDJPY 109.03

    AUDUSD 0.7989

    USDCAD 1.2224

    GBPAUD 1.6329

    GBPCAD 1.5949

    GBPCHF 1.2475

    GBPZAR 16.7010

    GBPHKD 10.1115

    EURHKD 9.2410

    GBPSGD 1.7576

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