Sterling gains against a basket of currencies

Published on in Foreign Exchange News by

Foreign Exchange Rates EUR/USD 1.3153-1.3254

Foreign Exchange Rates GBP/USD 1.5842-1.5892

Foreign Exchange Rates GBP/EUR 1.1982-1.2047

Major currencies are relatively unchanged from yesterday’s levels, although weaker PMI data from China overnight has again seen commodity based currencies, predominately AUD weaken again.

Global stocks however have not really moved and USD v Europe looks range bound for the time being with mixed sentiment.

The UK budget has been described as one for `backing business’, as a result Sterling has made some small gains overnight against a basket of currencies. Another mover overnight was the Yen, as Japan reported an unexpected trade surplus albeit small, as a result the Yen has strengthened after its recent losses.

Foreign Exchange Rates EUR/USD currently 1.3195. Support 1.3000, resistance 1.3300.

Foreign Exchange Rates GBP/USD currently 1.5869. Support 1.5700, resistance 1.6000.

Foreign Exchange Rates GBP/EUR currently 1.2027. Support 1.1850, resistance 1.2100

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