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The Pound continues to flounder against the Dollar. Even days like yesterday where we see a steady appreciation of the Pound to Dollar, it is eroded very quickly as we open up this morning. A sign of the difficulty that the GBP is having in gaining traction against the sentiment….
The GBP on Friday had a bit of a rollercoaster ride. We talked about it being a potentially volatile day and the market did not disappoint. It was again a tale of two currencies. The GBP lost more than a cent against the USD in the morning before recovering some…
The GBP had a tumultuous day of trading against the USD with a range of more than a cent, spiking during the morning and then trailing off again over the course of the day. Against the EUR, however, the movements were far more muted, closing almost exactly where we opened…
The path of the GBPUSD yesterday was almost perfectly U-shaped when viewing the currency pair on a chart. Starting the day at around the 1.5330 mark, dipping during the course of trading to around 1.5260, before returning to almost the same levels as we opened on. The GBPEUR on the…
The GBP began to recover its losses against the USD during the course of trading yesterday to close the day over 1.5350 having opened around 1.5200. However, this is the exact opposite of its movements against the EUR where it was all one direction, losing almost two cents yesterday alone….
Last week closed with the trends seen throughout the week continuing to play out on Friday. At the end of the day, the GBP closed lower again against both the EUR and the USD. However, the day presented no real shocks or particularly significant swings. The manufacturing industry’s main trade…
A second tight trading day in a row saw the GBP gently lose ground against both the EUR and the USD again. As we open up this morning the Pound has lost the 1.5300 figure against the US Dollar and continues to head downwards and the same is true for…
Yesterday’s trading saw a sell off of the GBP against the EUR as for a while yesterday it appeared as if the Greeks were drafting a deal with their creditors in an agreement that would provide much needed relief in servicing their debt. The GBP also fell against the USD…
Yesterday was a fairly quiet day in trading for the GBP versus the EUR and the USD. Both currency pairs were range bound for the course of the day with only minor data releases to provide any further direction to the underlying sentiment that has had a more significant impact…
The Pound has maintained it’s strength against the Euro during the UK public holiday yesterday to push slightly higher than the peaks reached at the close of last week. Against the US Dollar, however, the Pound has continued to cede ground this morning in an extension of the trends we…